John Mack
John Mack
additional brand business card chance continuing cost create credit domestic earnings excess funds given good growth industry investing name percent powerful pressure profit puts retaining return rising short stage strengths strong time unique value
The US credit card industry is in a low-growth stage right now about 3 to 5 percent annually and the rising cost of funds puts additional pressure on earnings in the short term. But given the strengths of Discover, its powerful brand name and its continuing strong return on investment, retaining the business and investing in it over time give us a good chance to create value through domestic growth in excess of industry trends, growth in international profit and the unique opportunities in the payments business.
benefit credit diversity inclusive mean nature opinions reached rich
It's to the mayor's credit that he reached out. The inclusive nature of his appointments will mean a rich new diversity of opinions and ideas, to the benefit of the city.
affected
Small- to medium-sized transactions are typically not affected in a downturn.
businesses certainly coming companies deals internet people revenue tangible
We certainly see a lot of people coming to us with Internet businesses to sell, ... But the deals are not getting done because these companies have no revenue and no tangible assets.
environment market pleased returned
We are very pleased that CSFB has returned to profitability in the first quarter...in this challenging market environment.
business fit strong
AWAS is a strong business with superb management, but it does not fit our strategy.
achieving aircraft business clear current decisions delivering financial global goal improve innovative leader level morgan offering retail returns services stanley steps strengthen strengths superior toward tremendous
Morgan Stanley has tremendous strengths as a global financial services firm, but it is clear that our current level of profitability is unacceptable and we need to improve our performance, ... Our overriding goal for Morgan Stanley is to be the clear leader in offering premier, innovative financial services to our clients, while delivering superior returns to our shareholders. The decisions to keep Discover, divest the aircraft leasing business and strengthen our retail business are our first steps toward achieving that goal.
achieved across aspects growth morgan revenue securities stanley strong
Morgan Stanley achieved strong revenue growth this quarter, particularly across all aspects of our institutional securities business,
certain class few invest involved missed products
Basically, with few exceptions, we have missed the alternative class. There's certain products we've not been involved in that we should be involved in and will invest in.
bill clinton comedy dating ranks
Nothing can get better than that. As a comedy writer, this ranks right up there with Bill Clinton dating an intern.
human life loss serious
This is a very serious matter. Any loss of human life is tragic, especially if it is a 13-year-old young boy.
reality
We're going to get some reality back in the market.
days heads return unless
Unless some heads roll, we will return to some dark, bad, old days of the LAPD,
business committed deeply investing investment key management morgan
Investment Management is a key business for Morgan Stanley, one that we are deeply committed to investing in and growing.