4 Quotes by James Ellman

We'll see earnings surprises for most of the rest of the major brokers.

It was tough to sell something with the Merrill Lynch name on it.

It's more likely that capital will be deployed in a share repurchase than a deal in next 12 months.

The cost savings when you put two of these companies together may be substantial. But it ultimately comes down to when these companies want to sell.