Merrill Lynch
Merrill Lynch
Merrill Lynch Wealth Management is the wealth management division of Bank of America. The firm is headquartered in New York City, and occupies the entire 34 stories of the Four World Financial Center building in Manhattan. Merrill Lynch employs over 15,000 financial advisors and manages $2.2 trillion in client assets...
april belief commitment demand downward growth market oil pressure report rising supports
The April IEA report supports our belief that rising inventories, moderating demand growth and Saudi Arabia's commitment to put more oil into the market will put downward pressure on oil prices.
bonds both coming major market outcome reflected seemingly stocks
This outcome was the likeliest coming in and already seemingly reflected in markets; both bonds and stocks may be marginally disappointed (for different reasons), but there are no major market implications, in our view.
appears line market relief statement trading
Compass' statement should be a relief to the market as trading appears to be in line with expectations.
call intention marketing nor plans promote refer reputation university using
Our marketing plans do not call for us to refer to the university in any way nor do we have any intention of using the reputation of the university to promote the brand.
france guidance light line market previous surprise
This is in line with the market consensus, but we think there will be a surprise that the guidance is not disappointing in the light of France Telecom and previous experiences with KPN.
generic largely launch main market negative risk ruling timing
In our view, the risk of negative ruling was largely factored into market expectations with the timing of a generic launch being the main issue.
concerns continue expect holiday performance remain season volatile
We expect group's performance to continue to be volatile as concerns about a promotional and lackluster holiday season remain the near-term focus.
absence assets auto exception further gm items questions remain sales turnaround underlying
Questions remain about the sustainability of the turnaround at Fiat Auto and profitability of underlying business, in the absence of further exception items (like assets sales and the GM one off gain).
drive growth level model nearly rapid reached replace third volume
PSA will replace nearly one third of its model line-up in 2006, which should drive more rapid volume growth in 2006 than the pedestrian level reached in 2005.
banks beating continued cost european revenue trend
BNP Paribas has continued the trend of European banks beating at revenue level, but experiencing significant cost growth.
changes driving industry profound
Technology, demographics and industry consolidation are driving profound changes in the private-client business.
advertising aol believe business helping online recent turmoil
We believe the recent turmoil at AOL is probably helping Yahoo!'s online advertising business on the margin.
cautious consumer continue expect group near performance reflecting retail sector specialty stance tough
We continue to take a cautious stance on the specialty retail sector and expect group performance will be inconsistent in the near term, reflecting tough fourth-quarter comparisons and uncertainty about consumer spending.
considered equity legitimate price private reason
While we had not considered a private equity deal, there is no reason why, if the price were right, this should not be a legitimate option.