<html><body><p>You will not see, in my career, the kind of returns this <a href="https://quotes.tuteehub.com/tag/industry-2321" style="font-weight:bold;" target="_blank" title="Click to read more quotes about INDUSTRY">INDUSTRY</a> had in 2005 and 2006 for a very simple <a href="https://quotes.tuteehub.com/tag/reason-42" style="font-weight:bold;" target="_blank" title="Click to read more quotes about REASON">REASON</a> - the banks were undercapitalized, and returns are a <a href="https://quotes.tuteehub.com/tag/function-2819" style="font-weight:bold;" target="_blank" title="Click to read more quotes about FUNCTION">FUNCTION</a> of earnings and capital.</p></body></html>

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You will not see, in my career, the kind of returns this INDUSTRY had in 2005 and 2006 for a very simple REASON - the banks were undercapitalized, and returns are a FUNCTION of earnings and capital.

Author - James P. Gorman Subject - Returns

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You will not see, in my career, the kind of returns this INDUSTRY had in 2005 and 2006 for a very simple REASON - the banks were undercapitalized, and returns are a FUNCTION of earnings and capital.

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You will not see, in my career, the kind of returns this INDUSTRY had in 2005 and 2006 for a very simple REASON - the banks were undercapitalized, and returns are a FUNCTION of earnings and capital.

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