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...
appears line market relief statement trading
Compass' statement should be a relief to the market as trading appears to be in line with expectations.
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.
decision nelson personal pushed
We get the sense that this was really a personal decision made by Mr. Nelson and that he was not pushed out by the company.
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.
benefit company exposure hardware itself largest outside overcome problems sony supply xbox
From a hardware standpoint, the largest exposure outside of Sony itself is Microsoft, which could benefit if the company is able to overcome supply problems with Xbox 360.
believe quarters required support
We believe Yahoo! is 'priced to perfection,' and that near-flawless quarters are required to support its multiple.
believe given goodwill incumbent last operators players taken wireless
We believe that the goodwill impairment is unsurprising given most of the other incumbent operators and wireless players have already taken these impairments for overpaying for acquisitions during the last 1990s.