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"It's just a separate piece of paper so it can have stronger equity return".
"We are also benefiting from stronger equity markets," Mr. Chenault said, "as well as an improvement in the travel sector".
Now the arrival of better-developed capital markets, and a stronger equity culture, first in Europe but increasingly elsewhere as well, should help the rest of the world to catch up.
Gold prices are preparing to end its second week in negative territory as it struggles against a stronger U.S. dollar, rising interest rate expectations and stronger equity markets.
Napoli says his fourth-quarter estimate of 88 cents per share a penny better than Goldman's third-quarter profit shows how stronger equity underwriting buoyed the firm from the fixed income slump.
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Bank of America will get a stronger equities division and Merrill's 45percentt stake in BlackRock, the global asset manager, along with the opportunity to offer Merrill's products in its branches.
Other insurance companies that could do well from a stronger equities market in 2002 include Hartford Financial.
Second, it had strong equity effects.
"Given how strong equity gains have been," she said, "it may be a good time to prune winners".
PE investors say they provide strong equity incentives to their management teams and believe those incentives are very important.
In financial engineering, PE investors provide strong equity incentives to the management teams of their portfolio companies.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com