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Fool UK
Recs
In my opinion one of the very very few banks that are well positioned right now. Best of breed in a depressed sector spells great returns in the future
On what basis are they the best of breed and well positioned?
To be more clear, I think they are second tier behind financial services firms with stronger books and more consistent earnings like Federated Investors (FII), Waddell & Reed (WDR), Eaton Vance (EV), Raymond James (RJF), etc. Basically to be a top tier financial services firm you cannot rely on leverage as much as Lazard does.