Henry McVey
Henry McVey
affects balance magnitude sheet
Anything that affects the balance sheet in this magnitude is important.
aligned convinced financial interests needs sure
Financial consultants like stability. Merrill needs to make sure its brokers are convinced that management's interests are aligned with theirs.
consistent retail saying surprise
(The sale) would not surprise me. (It would be) consistent with what we have been saying about downsizing in international retail brokerage.
market
We still like the equities market and think the S&P 500 could potentially go through 1300 this week.