The brokers are coming! The brokers are coming!
It's a big week for the investment banks, with a trio of bulge-bracket firms reporting quarterly results. Considering the slew of IPOs in the second quarter, as well as robust trading volumes in the turbulent month of May, expectations are high for the group.
Investors who want a piece of the action may want to hitch themselves to a broker-focused exchange-traded fund. But given the volatility surrounding the firms' earnings reports, these investors could be in for a bumpy ride.
On Monday, Lehman Brothers(LEH Quote) reported that its second-quarter earnings rose 47% from a year ago, topping estimates on across-the-board revenue growth in investment banking, trading and asset management. ...
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