Raymond James/Stifel bidding on Morgan Keegan

Hey guys just saw this article.

http://www.memphisdailynews.com/news/2012/jan/10/…

Curious what people thought about how this might affect the investment banking landscape? I know neither are huge firms, but they are pretty reputable. I know Ray Jay has been acquiring banks for awhile now. Just thought it was interesting.

 

Stifel also made a significant recent investment in Miller Buckfire that could lead to an acquisition down the road.

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ledger123:
nothing. shitty bank buying another shitty bank. exit opps for analysts will still suck.
Except these guys aren't thinking about exit opps, because they're not working 100 hr weeks.
"There are three ways to make a living in this business: be first, be smarter, or cheat."
 
Sandhurst:
ledger123:
nothing. shitty bank buying another shitty bank. exit opps for analysts will still suck.
Except these guys aren't thinking about exit opps, because they're not working 100 hr weeks.

bet theyre not working 40-60 hr work weeks. have fun working for shitty clients 70-80 hrs a week. believe me, after a few months of that, analysts will be thinking about "exit opps".

 

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