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Profiles in American Enterprise AG Edwards Inc The industry for securities is undoubtedly an exciting and fast paced industry This means that brokerage firms such as AG Edwards and Sons must always be watching the stock prices on every stock in the market so that they can give their clients maximum profit When AG Edwards and Sons clients do well then in turn so does the brokerage firm AG Edwards Inc is not the biggest corporations in America but yet it is still a very large corporation and has great importance in the industry for which it participates This paper will give an in depth explanation about how AG Edwards functions as a corporation Along with competition from the government banks and other brokerage firms there is also probably the biggest factor involved of interest rates Interest rates are indirectly proportional to the activity in the stock market This means that when the interest rates fall the market for securities becomes active This is due to the fact that people want the highest yield on there money and when interest rates are low investing money into a bank would yield less money then it would have before at a higher interest rate So people tend to want to put there money into something that will give them a higher yield and stocks are just that An example of this inversely proportional relationship is always being demonstrated and was demonstrated in the past few years At the end of 1992 to the beginning of 1993 the volume in most businesses was at record levels obtaining a pre-tax net income for the whole industry of 91 billion dollars setting a new record for the second year in a row Hoovers Company Industry Database 1993 p 1 Hoover 1993p1 This trend continued when in the beginning half of 1993 offerings new business for the company exceeded those
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