I take back what I said. I was mistaken.
Virtu made 1.8Bn T12M and earned 300MM in operating profit (about 15%)
GS made 35Bn T12M and earned 13Bn in operating profit (40%ish)
MS is in the 30% range for operating income
Greenhill and PJT are in the 20% operating profit margin (you would think...
We were mixed. From 2013 to now we had two years with double digit increases and two years that were down and two years that were moderately up. This is the worst with 20percent and that’s with the company raising the deductibles. At flat it would have been 30percent.
You work for a large...
Mark Brown isn’t worth responding to.
I think Whale Wisdom has the info but you have to subscribe to it. It’s a lot of work to compile as hedge funds and warren buffet lobbied to make this as annoying as possible to access. Bloomberg as it as part of their professional service as well.
My...
Many have tried to improve transparency in it, all have failed. To my knowledge, no bank consortium has attempted it (unlike other disruptive technologies like electronic ISDA's, dark pools, etc), so that's probably the answer.
CNN has a strong case here. They will win the battle. But. trump will win the war as he will continue to erode the rule of law while the courts will keep stopping him and his “patriotic” base will love him for it.