Financial Services >> Sector Roundtables >> May 21, 2001
JOSEPH K. MORFORD III is a Managing Director and Senior Analyst
in the Research Department at RBC Capital Markets covering the
Financial Services sector. Mr. Morford joined RBCCM in August
1999 from First Security Van Kasper where he was Associate
Director of Research in addition to his role as a bank analyst.
Prior to that time, Mr. Morford held similar analyst positions at
both BT Alex. Brown and Keefe, Bruyette & Woods, and he has also
been recognized as an All-Star Analyst by The Wall Street Journal
and as a Wall Street Sharpshooter by the American Banker. Mr.
Morford received an MA with honors in Philosophy from the
University of St. Andrews in Scotland. Profile
JAMES R. BRADSHAW is a Vice President, Senior Research Analyst at
D.A. Davidson & Co. He joined DADCO after seven years with
Pacific Crest Securities, where he headed the financial services
practice for the firm. Over that period, he provided research
coverage on bank and thrift stocks located throughout the West.
Prior to that, Mr. Bradshaw was a Commercial Bank Examiner with
the State of California Banking Department. He holds both a BS
and an MBA from the University of Oregon. Profile
TWST: Joe, what are the issues that shaped the environment for theWestern Regional Banks in the last 12 months? Which have had the biggest
impact on the stocks?
Mr. Morford: The economy has