FastSaying

The industry is out there building branches at an extremely active clip -- a new one is slated to open every 2-1/2 hours until the end of 2005. Bank margins will have to come back down to support the increased cost of running all those branches.

Richard Bove

ActiveBranchesBuildingClipExtremelyIndustryOneOpen

Related Quotes

We are not committed to building one. But we want to keep the nuclear option open.
— Richard Zuercher
BuildingCommittedNot
There are some branches that are closed, but as I said 90% are still open.
— Henry Ford
BranchesClosedOpen
In general, this should be a mixed quarter, ... Clearly, M&A is strong but the IPO market has slowed down, the equity market is weakening and the fixed income market is limping along.
— Richard Bove
ClearlyGeneralMarket
This selection clearly indicates that Mellon is not for either sale or dismemberment. It is more likely to go on an acquisition binge.
— Richard Bove
ClearlyEitherIndicates
Midwestern banks are accustomed to shifts in the local economies. They plan for it. However, they do not avoid it. They get hurt. Their loan losses rise. Their earnings tumble and their stock prices are impacted. It will happen again.
— Richard Bove
AccustomedAvoidBanks