Financial Services >> Sector Roundtables >> December 8, 2008
Stephen M. Moss is a research analyst covering bank and thrifts stocks at Janney
Montgomery Scott. Prior to joining Janney in 2003, he worked at SNL Financial as
a bank and thrift research analyst. He received his BBA degree in finance from
James Madison University. He is a CFA Level II candidate. Profile
Mike I. Shafir is a Senior Research Analyst with Sterne Agee, focusing on
Northeast Banks & Thrifts. He joined the company in April 2006 after working as
an analyst at Moors & Cabot since 2004. He holds a BA degree in History from
Brandeis University and an MBA degree in Finance from Rutgers Business School. Profile
Anthony J. Polini is a Senior Vice President at Raymond James & Associates,
Inc., Equity Research. He joined in 2007, and primarily follows banks and
thrifts located in the Northeast and Mid-Atlantic states, as well as Puerto
Rico. He began following the banking industry in 1985, when he joined Pru-Bache
Securities. He has worked at several firms since then, including A.G. Edwards &
Sons, Mabon Securities, Midwest Research, and Advest, Inc. He earned his BA
degree in Psychology and Philosophy from the University of Pennsylvania and has
an MBA in Finance from St. John's University. Profile
Andrew Stapp joined B. Riley & Co., LLC, in 2007 as a Senior Equity Research
Analyst. His coverage includes commerical banks and thrifts. Prior to joining
B. Riley & Co., he served as Vice President, Research at Cohen & Company, where
he also covered banks and thrifts. Prior to that, he was involved in investment
banking, where he successfully consummated approximately 100 M&A transactions in
the financial services industry. He received his BS in Business Administration
and MBA in Finance from The University of Tennessee. Profile
TWST: Steve, it's a tough time to talk about banks, being in the middle of all this turmoil, but where do you think we are at this point?
Mr. Moss: I think we're still in the third inning and