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Clearly this means that the rip-roaring performance of financial services companies and their stocks isn't likely to return anytime soon.
Daniel Marx, the secretary of finance, told worried investors at the Council of the Americas about the erratic performance of financial markets lately.
Forecasts have been driven down by the poor performance of financial companies, which typically generate 25percentt of overall earnings growth in the S.& P. 500.
JONATHAN FUERBRINGER Correction: March 17 , 2002 Sunday An article on the DataBank page last Sunday about the performance of financial markets misstated employment figures for February from the Labor Department.
In its examples, UPromise assumes that investments will grow at a rate of 8percentt annually -- perhaps an aggressive assumption given the recent performance of financial markets, which recently ended the best 15-year period in their history.
To ensure that regulators live up to the promises they make, Mr. Kane suggests that inspectors general at each agency be charged with regularly auditing the performance of financial overseers.
Similar(46)
Mr. O'Shaughnessy created a proxy index of financials to test the performance of previous financial stock routs and recoveries dating back to 1964.
What about the dismal performance of many financial stocks earlier this month?
Such deferred compensation is believed to align employee interests with the long-term performance of a financial firm.
This means that, rather than receiving a fixed amount of money every year, pensioners will get an income that depends on the performance of the financial markets.
GE's shares lost more than half their value last year, largely because of the poor performance of its financial services arm, GE Capital.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com