Diana Yates
Diana Yates
core earnings far future gains hearing looks reserves security slow steady stretching strong
You have probably been hearing about how well they've done as far as integration goes, how steady and slow they've gone. The ... earnings here are really core earnings, not about ... stretching by security gains or one-time items. Their reserves are strong, the future looks strong for them.
buy cheaper strong
The strong are getting stronger. There are more opportunities to buy at a cheaper price.
appear came concern definitely looking
The Y2K concern just never really came to be, ... There doesn't appear to be any slowdown. It's definitely looking like this is going to be a trend.
good next recovery trades
We think it trades at a discount. We think that it's a good opportunity, especially when we look for a good recovery into next year,
bankers carry earnings far investment
M&A is not going to be enough to carry the day for investment bankers as far as earnings go.
happened operating weaker
What would have happened to Citigroup under a weaker operating environment?
bank fed financial full hearing mix regulate saying service time totally
We have been saying for some time that a bank is not a bank, ... and I think you are will hearing more of this, you know, look back at the Fed and what they had to regulate had 10, 20 years ago, it's totally different from a bank today, with the full financial service mix of products.
business mix revenue
It's more their diversification. The business revenue mix is not all from the IPO activity.
everybody giving opportunity spring
It's giving everybody an opportunity to do some spring cleaning.
bull cover cultural market sins
A bull market can cover a lot of sins and cultural issues.
best boards call deals longer people top
This is a wake-up call that boards no longer do deals for the people at the top but for what is best for the shareholders.
accomplish couple cut earnings expenses last mergers potential
This is not a surprise. They had hinted they were going to do that that was one of the things they need to do to accomplish double-digit earnings growth. I would think Citigroup has a lot of potential to cut out some expenses when you look at all the mergers over last couple of years.
consumer create cutting looking volume
This is really about cutting expenses, ... You need the volume to create the synergies of scale. When you look at Citigroup, they have been looking to get bigger, particularly on the consumer side.
build building continue deal gives good last platform types
This gives them a good platform to build on, but I don't think this is the last deal you'll see, ... You'll continue to see them building on these types of transactions.