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ChelseaFC85's picture

Bank of America analysts/SAs

by ChelseaFC85 (Senior Baboon, 191 Banana Points Points) on 9/14/08 at 6:25am

Suppose one is an analyst at bofa in, say, m&a or natural resources. Should you start polishing up the old resume at this point?

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Cornelius's picture

at this point

by Cornelius (Orangutan, 332 Banana Points Points) on 9/14/08 at 9:18am

every analyst/sa at every bank should start polishing up the old resume.

PublicEquity1's picture

I would say that while, yes,

by PublicEquity1 (Senior Monkey, 81 Banana Points Points) on 9/14/08 at 9:43am

I would say that while, yes, all analysts at banks should have their resume ready to go, Bank of America is probably in one of the better positions. They cut very deep this year, and according to Ken Lewis are done. Clearly BofA is solid financially if they are in rumored talks to take on Lehman.

ChelseaFC85's picture

yeah, but I mean bofa

by ChelseaFC85 (Senior Baboon, 191 Banana Points Points) on 9/14/08 at 9:49am

yeah, but I mean bofa acquires lehman, wouldn't they fire lots their own bankers? i mentioned natural resources specifically b/c lehman is supposedly tops in that sector, whereas bofa isn't well known.

Devils Advocate's picture

I'm no expert on this, but I

by Devils Advocate (Orangutan, 324 Banana Points Points) on 9/14/08 at 11:35am

I'm no expert on this, but I can imagine a lot of BofA bankers being replaced by Lehman Brothers bankers, if this deal happens...which may be the only comfort that SOME Lehman guys can grasp to...again I'm just speculating...

SBE's picture

I would agree with this

by SBE (Baboon, 168 Banana Points Points) on 9/14/08 at 12:16pm
Devils Advocate wrote:

I'm no expert on this, but I can imagine a lot of BofA bankers being replaced by Lehman Brothers bankers, if this deal happens...which may be the only comfort that SOME Lehman guys can grasp to...again I'm just speculating...

Also, I agree with an earlier post that said EVERYONE should be polishing up the old resume at this point.