Michael Ancell
Michael Ancell
additional available banking business commercial cost deal excited general good growth industry investment might products prove retail revenue savings small types
I think that the cost savings available in the deal are very real, and the deal should be accretive to Fleet's earnings, which is good thing financially, but what the banking industry in general has to prove to the investment world is that they can cross-sell additional products to all of those retail and small business and commercial banking customers. If they show real revenue growth doing these types of cross-selling activities, then a deal like this really might be something to get excited about.
advice best clients credit financial industry investment segments services stick telling
We've been telling our clients that their portfolios should be over-weighted in investment services and credit cards. Those are the two segments of the financial services industry that we think have the best fundamentals. And we stick by that advice right now.