The increase reflected increased corporate finance fees and gains from the sale of investment securities.
Overall profit within the Texas operation was $123.1 million, including $63.1 million in gains from sales of investment securities.
The challenge to achieving these goals is investment security.
He was able to learn firsthand the techniques Graham used to determine undervalued investment securities.
An additional $73.8 million of the loss resulted from declining values in the company's investment securities.
Another investment tool, bonds are considered some of the safest investment securities around.
Fourthly, they need investment security, in other words contractual protection and no more revisions.
The Law provides investment security to the holder of a mineral right.
First Bank said the results for 1988 included losses of $506.3 million resulting from the decision to sell a significant portion of its investment securities.
The banks also were unable to chalk up the big gains they have in the past from investment securities.
