格式：pdf

语言：英语

简介：

CURRENT ENVIRONMENT1
Stock market rebound lifts profits
Regulatory issues take center stage
Tighter regulations for Wall Street research
The NYSE shows cracks in its armor
INDUSTRY PROFILE5
A wealth of investment-related services
Investment banking and brokerage firms
Investment management companies
INDUSTRY TRENDS 6
Globalization
Technology’s growing importance
Demographics fuel demand
Brokerage business trends
Commercial banks invade brokers’ turf
Asset management: regulatory scrutiny drives market share shifts
HOW THE INDUSTRY OPERATES 11
Investment management
Investment banking and brokerage
Profits affected by interest rates
People: the major expense item
The balance sheet: leveraged and liquid
Strict regulatory oversight
KEY INDUSTRY RATIOS AND STATISTICS17
Asset managers
Securities brokers
HOW TO ANALYZE AN INVESTMENT SERVICES COMPANY ............................18
Investment management companies
Investment banking and brokerage companies
Valuation
GLOSSARY23
INDUSTRY REFERENCES25
COMPARATIVE COMPANY ANALYSIS 28