Outlook for Banking in the U.S.




During Bank Director’s 2015 Acquire or Be Acquired Conference in January, John Duffy and Thomas Michaud, both from Keefe, Bruyette & Woods, Inc., reviewed capital markets and operating conditions for banks nationwide. Additionally, they looked at how M&A fits within a broad range of strategic alternatives and how M&A can help the bank achieve strategic goals.

Presentation slides

About the speakers

John Duffy, Vice Chairman at Keefe, Bruyette & Woods, Inc., A Stifel Company
John Duffy has been with KBW for 34 years.  He was appointed to the position of vice chairman in October 2011, after having served as chairman and CEO since September 2001.  Prior to that, he was president and co-CEO, a position he assumed in July 1999.  From 1990 to 1999, Mr. Duffy was executive vice president and director of investment banking.  In that role, he was responsible for managing the firm’s substantial merger & acquisition practice in the financial services industry as well as KBW’s corporate finance activities in the equity and debt markets.

Tom Michaud, President and CEO at Keefe, Bruyette & Woods, Inc., A Stifel Company
Under Tom Michaud’s leadership, KBW has become one of the top traders of financial services stocks and developed an industry leading equity research effort. KBW has also emerged as a top manager of small, mid and large cap equity offerings and remains a leading M&A advisor to companies across the financial services industry. KBW became a wholly owned subsidiary of Stifel Financial Corp. in February of 2013. Mr. Michaud also sits on Stifel’s board of directors.