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“It was tough to sell something with the Merrill Lynch name on it.”
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“It's more likely that capital will be deployed in a share repurchase than a deal in next 12 months.”
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“We'll see earnings surprises for most of the rest of the major brokers.”
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“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.”
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