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" 'Just take a fresh look' is 90's code for change your opinion," said Tom Brown, chief executive of Bankstocks.com and a former brokerage firm analyst.
"I would view Salomon's numbers as unusually strong rather than see Merrill's results as particularly weak," said Joan Solotar, a brokerage firm analyst who follows both Merrill and Citigroup at Credit Suisse First Boston.
Although the Chicago Mercantile Exchange is a more established place for derivatives trading and is independent from the big New York banks, ICE seems to be the clearinghouse of choice, especially among policy makers in Washington, said Brad Hintz, a brokerage firm analyst at Bernstein Research.
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The next entry was "Investigation of investment banking firm analysts".
The brokerage firm analysts who follow Nuance see no evil in its executives' sales.
Holdings in fledgling companies by brokerage firm analysts and executives often come in the form of restricted stock issued when the firm takes the company's shares public.
Indeed, over the last several years, many investment firm analysts stood their ground to continue to offer honest stock opinions to investors in the face of intense pressures.
In proportion to Deloitte's total revenue in the country, it is the most severe fine Spain has ever imposed on a Big Five auditing firm, analysts said.
The move confirms that the two are in line to be the next leaders of the firm, analysts and investors said.
One former analyst said that during the bull market, it was common for brokerage firm analysts to send their research notes and financial calculations to executives at the companies before publication.
A thinking person might expect that, under the spotlight, brokerage firm analysts might be a bit more circumspect about making wildly bullish pronouncements about companies that could benefit themselves or their firms.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com