The Volatility of Solomon's Earnings

The nature of most Wall Street businesses is going to be volatile earnings. Some may follow policies that tend to make it look a little less volatile than it might actually be even. The real thing that counts is two things, really. It's running it so that the volatility never kills you in any way, and then second is having a decent return on equity over time. And I think that the people at the top of Solomon are very focused on that.