The pint-size Manhattan bank’s market cap of $2 billion is dwarfed by JPMorgan’s $161.5 billion and BofA’s $126.4 billion. Still, Signature has done far better for investors this year. By steering clear of risky derivatives and sticking with basic banking, Signature is thriving.
Continue reading Inside Wall Street: Who Needs Banking Giants? Tiny Signature Is Outrunning Them
Inside Wall Street: Who Needs Banking Giants? Tiny Signature Is Outrunning Them originally appeared on DailyFinance on Wed, 29 Dec 2010 07:30:00.
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