Financial Services Industry
Industry: Email Alert RSS FeedFOR MANY AN ANALYST, IT'S AN UNMERRY-GO-ROUND
US Banker, April, 2001
Will the merry-go-round of hiring and firing bank stock analysts ever stop? Probably not. We're going through another round, with more bank stock analysts getting the ax or moving into spots vacated by the less fortunate.
Most puzzling is what has happened to Sean Ryan, the analyst who had been let go at Bear Stearns, reportedly for his tough-on-banking attitude. Late last year, Ryan joined Banc of America Securities, where he was named chief banking analyst. He's now out of a job. It appears that Banc of America Securities still doesn't have a bank stock analyst. An operator at the firm said there was no listing for "banking" or "financial institutions" in the research department. When asked who covers Bank One or National City Bank, she said it was listed as "in...
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