Michael Hecht Quotations

The performance in global clearing was the only real negative we can point to this quarter as balance growth has clearly slowed here. But we also suspect that continued pressure on commission rates played a role here as well.

Most of the upside came from areas like a lower tax rate, which accounted for 26 cents of (earnings per share) upside and lower than expected (compensation) ratio.

Given the company's prior accounting and regulatory issues, this is likely to have a meaningful negative impact on the stock today.

Plans are to develop the existing CMC space along with the existing Cascade Village Theater ... into 11 residences and some commercial/office/retail space.

We are more optimistic about growth recovery, and have taken a fresh 5-year look at our earnings forecast for the company.

After five years of 20 percent growth, fixed income trading is unlikely to continue at that pace.

This is an exciting time, a spectacular opportunity,

All in all, a solid quarter, but with upside coming from expense control versus revenue upside, investors may be disappointed with these results, particularly in relation to peers,

The chance to build a new department ? how cool is that?

The company has made significant investments to diversify its trading business, which should pay off.