Brokers the early gainers on rate optimism
Brokers' share prices have all marched into positive territory in the past month, buoyed by the upbeat messages of improving market conditions (see page 15) and positive organic growth.
Among the big three, MMC was the clear winner in the third quarter, with its share price climbing by almost 13 percent in recent weeks (see table).
Click to enlarge
The New York-headquartered firm reported the
strongest quarterly organic growth with an overall 5 percent
underlying increase in broker revenues to...
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