Brokerage firms had hoped to get a lift from the Fed's decision in late September to reduce its benchmark interest rate and try to restore confidence. But shares of most firms, like that market, have experienced a decline since the close on Sep 18. SOURCE - JPMorgan
Friday, October 26, 2007
Sep 8 Benchmark had NEGATIVE effect
Brokerage firms had hoped to get a lift from the Fed's decision in late September to reduce its benchmark interest rate and try to restore confidence. But shares of most firms, like that market, have experienced a decline since the close on Sep 18. SOURCE - JPMorgan
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