Friday, July 14, 2006

Earnings Preview: Banks Bolstered by M&A

July 14 - NEW YORK (AP) - Major U.S. Banks Seen Posting Strong Second Quarter on Robust M&A Activity. Investment banks are primed to report strong second-quarter results this month, buoyed by a surge in merger and acquisition activity that reached near record levels. For the major diversified financial companies, a banner period for investment banking and other fee-based businesses is expected to offset a sluggish period for retail operations. Read More.

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