KBW analyst Chris Mutascio said he believes the likelihood of a break-up is very low. In a report last Friday, the analyst estimated that the individual business lines are valued at a 30% discount to similar companies. The discount, according to Mutascio, is large even after factoring in heavy litigation expenses. Plus, he believes legal expenses will decline over a two-year time frame. -- Written by Shanthi Bharatwaj in New York. >Contact by Email. Follow @shavenk
Steve Ricchiuto, MZUHO Securities chief economist, and Bob Michele asset management global CIO with JP Morgan (JPM), joined BloomberTV's 'Bloomberg GO' to discuss the economy and the Fed raising rates.