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What: Shares of investment bank Greenhill
So what: Unlike its massive competitors like Goldman Sachs
But while results did decline in the third quarter, they fell less than analysts were expecting. Earnings per share were $0.28 for the quarter -- down from $0.47 last year -- but analysts were looking for just $0.20.
Now what: With its focus on advisory services -- a business that can swing wildly -- investors shouldn't expect perfectly smooth results from Greenhill. But as far as investment banks go, it's a top-notch shop that doesn't expose investors to many of the regulatory issues that Goldman and its ilk are currently dealing with. Also, with a 5.1% dividend and a pledge to use funds from liquidating its merchant banking business to buy back stock, this is an investment bank that doesn't forget about its shareholders.
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