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This continuing low interest environment has instilled a new confidence that will support future financing activity.
NNM: BMRN) reiterating its BUY recommendation and commenting on recent clinical developments and financing activity.
Financing activity well surpassed lenders' forecasts assisted by the frequent cutting of interest rates by the federal government," commented Howe.
During the past month, the NCB New York team generated nearly double the amount of financing activity that we did the same time last year.
Telecommunication volume fell relative to financing activity in other sectors, and insurance joined banking and finance, utilities and energy in the ranks of the top new issuance sectors for the quarter.
Edward Howe III, managing director of the NCB New York office, said, "Co-ops in Manhattan made up the majority of the activity during April, accounting for more than 50 percent of the bank's financing activity in the region.