Steve Roukis
![Steve Roukis](/assets/img/authors/unknown.jpg)
Steve Roukis
franchise hurt interest negative net retail
The big negative is their retail franchise was weak, hurt by contracting net interest margin.
fda letter time warning
Any time you get an FDA warning letter it is negative.
bear income positive volume
What's specifically positive about Bear is that they're getting more M&A volume and other non-fixed-income revenue.