| DON'T BUY | 47.940 | Brian Acker, CA | His model price is $35.94. That is a -26% differential. Fundamentals have deteriorated. | 2008-05-08 | |
| TOP PICK | 47.550 | Pat Naccarato B.Math, MBA,CFA | Has a new CEO who should be a catalyst for a turnaround. | 2008-04-07 | |
| PARTIAL SELL | 41.900 | Norman Levine | This whole sector is dangerous. Its saviour is eventual U.S commercial bank transition to Canadian form (Citigroup owns big brokerage firm) There is further downside. | 2008-03-27 | |
| DON'T BUY | 54.500 | Ross Healey | On a price to book basis got down to the level that it bottomed to in 1998. The big question that is overhanging everybody's mind is, what is the integrity of their balance sheet like. Thinks there is going to be a bloody battle on legal grounds. | 2007-12-20 | |
| PARTIAL BUY | 57.830 | Paul Harris, CFA | Got rid of their CEO who they replaced with a man that used to run the NYSE. You'll have to wait till these things bottom out. You can start buying them slowly. | 2007-12-13 | |
| TOP PICK | 53.660 | Brian Acker, CA | He has a model price of $86.44, a 60.5% positive differential. They finally have a CEO, which is good news. Financial CEO’s are being replaced by Risk Managers, so going forward they will be building their balance sheets. | 2007-11-20 | |
| DON'T BUY | 56.110 | Paul Thornton | Will be affected like all US financials and brokerages with the subprime or asset-backed securities. The overall sector remains quite weak. | 2007-11-16 | |
| DON'T BUY | 57.980 | Cameron Webster | US financials are too volatile and you are just guessing. There are better places around the globe. | 2007-11-14 | |
| DON'T BUY | 53.790 | Don Lato | The sell off has probably been a little overdone, but there is still quite a bit of risk in this sector. Still not clear as to the extent of the damage. | 2007-11-08 | |
| BUY | 62.190 | Brian Acker, CA | They kicked out the CEO and he is waiting to see who the replacement is. Doesn't know why it is taking them so long. His model price is $93.54, a 46% positive differential. This is the June balance sheet so the $2 billion loss is not reflected. $61.50 would be an outright screaming Buy. | 2007-11-01 | |
| DON'T BUY | 71.750 | David Baskin | Only one of the investment banks to cover itself is Goldman Sachs. It’s not a time to go contrarian. Worse is still to come. | 2007-09-26 | |
| TOP PICK | 75.300 | Brian Acker, CA | They’ve had a bounce, the easy moneys been made. 41% positive differential. Put it away you’ll make nice money. | 2007-09-20 | |
| TOP PICK | 72.180 | Brian Acker, CA | Forget banks get bank related brokers. Brokerage houses are being downgraded, which is a signal to Buy. His model price is $105.31, a 44% positive differential. Others that look good are Bear Stearns (BSC-N), Lehman Brothers (LEH-N) and Goldman Sachs (GS | 2007-08-30 | |
| Comment | 75.880 | Jonathen Wellum, B. Comm, B. Sc | Very powerful retail brand franchise, much stronger than Morgan Stanley (MS-N) and much more conservative. Dollar cost average when buying these stocks during this intense mortality. | 2007-07-26 | |
| SELL | 83.400 | Norman Levine | No one knows how much exposure there is to the sub-prime mortgages. | 2007-07-18 | |
| TOP PICK | 96.280 | Ian Nakamoto | (Due to technical difficulties, comments were not available.) | 2007-01-11 | |
| BUY | 56.670 | John Sinkins, CFA | US brokerage stocks have not performed all that well over the last couple of years for Canadian investors. Positive on the sector for the next 6 months. Trading revenues will improve because he feels there will be a moderate rally in the US stock market. | 2005-07-18 | |
| TOP PICK | 56.950 | Francis Gannon | Trading at about 1.8 X book. Growth story from a retail standpoint is just starting to kick in. | 2004-11-12 | |
| TOP PICK | 51.190 | Bob Froehlich | Financials will move up even when rates are rising. | 2004-07-09 | |
| PAST TOP PICK | 54.290 | Jonathen Wellum, B. Comm, B. Sc | (Past top pick Apr 2/04. Up 8%.) A long-term play. | 2004-06-25 | |
| TOP PICK | 59.750 | Jonathen Wellum, B. Comm, B. Sc | With the stock market stronger and IPO activity up, and trading at 13/14 X earnings, well positioned. | 2004-04-02 | |
| BUY | 60.600 | Paul O'Neil | At a very good value. As the market turns, they have enormous upside leverage. Investment banking is back. Reasonable multiple at 14/15 X. | 2004-03-19 | |
| TOP PICK | 61.210 | Francis Gannon | You have to own some financial service company that has exposure to acquisitions, mergers and IPOs. 15 X earnings. Positive prospects as the year goes on. | 2004-02-27 | |
| PAST TOP PICK | 55.120 | Rob Callander | (Top pick June 5/03. Up 16%.) As the economy turns around, probably the best stock for leverage on the improvement in the investment industry. Still buying it. | 2003-10-01 | |
| DON'T BUY | 52.100 | Brad Willock | Went up with the market rally and doesn't expect it to go any higher for a while. Would buy at a lower price. | 2003-07-17 | |
| TOP PICK | 46.170 | Rob Callander | Stock market is recovering and they are leveraged to it. Can do extremely well in a good market. | 2003-06-05 | |
| DON'T BUY | 40.680 | Larry Berman CFA, CMT, CTA | Has a nice strong base pattern. Moving into a consolidation pattern. Will probably move sideways for awhile. | 2003-05-26 | |
| WEAK BUY | 42.290 | Brian Acker, CA | If there is a turn around it could do well. Prefers Goldman Sachs and Morgan Stanley. | 2003-05-06 | |
| DON'T BUY | 40.550 | Ross Healey | Caller asked about shorting this stock. Fair market value is $30/35.Could hit $45/47 in the current rally. Not a short. | 2003-04-28 | |
| DON'T BUY | 39.150 | Gavin Graham | Looks cheap. They will be facing litigation for the next 5 years. | 2002-11-04 | |
| BUY | 37.700 | Jonathen Wellum, B. Comm, B. Sc | Broker stocks are tied to the capital markets. Will probably move sideways for a quarter or two. | 2002-08-21 | |
| DON'T BUY | 36.090 | Brad Willock | Has had a lot of problems. Trading at a reasonable rate. There are some legal issues. | 2002-08-16 | |
| DON'T BUY | 42.950 | Paul O'Neil | There could be more civil litigations. | 2002-05-27 | |
| BUY on WEAKNESS | 54.500 | Paul O'Neil | Fully valued now. Losing market share in some areas. Buyat $50. | 2002-03-18 | |
| PAST TOP PICK | 54.610 | Jonathen Wellum, B. Comm, B. Sc | (Was a top pick on Nov 13 up 6%) Still likes. | 2002-03-15 | |
| BUY | 45.800 | Brad Willock | Trading at 2 X book. Not a bad investment for a 2/3 year period at this price. | 2002-02-22 | |
| PAST TOP PICK | 46.710 | Neil Murdock | (Was a top pick on Oct 30 up 5%) Still likes. At a good price. | 2002-02-21 | |
| BUY | 57.240 | Noah Blackstein, B.A., CFA | Good exposure to capital market. Should do well. | 2002-01-11 | |
| TOP PICK | 56.840 | Neil Murdock | A global leader in wealth creation. Likes financial. | 2002-01-07 | |
| TOP PICK | 52.230 | Michelle Calpin | In a slow down now, but has great long term prospects. Well diversified in financial areas. | 2001-12-19 | |
| TOP PICK | 50.900 | Jonathen Wellum, B. Comm, B. Sc | Likes in the mid $40's. Thinks they're at the bottom. | 2001-11-13 | |
| TOP PICK | 44.660 | Neil Murdock | A good time to be in financial services. Good price. | 2001-10-30 | |
| BUY | 52.900 | Neil Murdock | At a good price. May have some choppiness over the next month or two. Has global operations. Prefers over Charles Schwab. | 2001-08-14 | |
| BUY | 59.250 | Glenn Paradis, BA, CFA | Has a great franchise. Good premium name. | 2001-06-29 | |
| TOP PICK | 57.860 | Michelle Calpin | Has dropped to a really good price. Good wealth mngmnt. | 2001-06-27 | |
| BUY | 62.730 | Noah Blackstein, B.A., CFA | May have a rough couple of quarters and then should rise | 2001-04-25 | |
| BUY | 55.500 | Jonathen Wellum, B. Comm, B. Sc | Has had a drop and expect its near the bottom. Should be looking for an upside in the near future. | 2001-03-29 | |
| TOP PICK | 57.700 | Michelle Calpin | Wealth management is a hot sector and growing. | 2001-03-23 | |
Experts that have talked about Merrill Lynch & Co (US)
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