Frank Fernandez Quotations

We're still in the upswing of one of these long M&A cycles, which tend to last several years. M&A growth will probably be up 15 to 20 percent next year.

There has been more capital-markets activity than anticipated and the pickup in volatility has helped proprietary trading revenue.

Corporate bonds are being driven by a desire to lock something in before rates go higher.

Every additional legislative and regulatory requirement creates a new cascade of falling dominos.

The complexion of the markets and the prospects for the firms have all shifted pretty dramatically in the past 60 days. Investment banking was much stronger than normal and no one took August off.