We'll see earnings surprises for most of the rest of the major brokers.

It's more likely that capital will be deployed in a share repurchase than a deal in next 12 months.

It was tough to sell something with the Merrill Lynch name on it.

The cost savings when you put two of these companies together may be substantial. But it ultimately comes down to when these companies want to sell.

This company seems to run on rails - the results are very strong and there are no negative surprises.

There's going to be a few surprises thrown in there. Let's just say, there's a few people there who don't know they're going to be slimed.