James P. Gorman : (4)

" You will not see, in my career, the kind of returns this industry had in 2005 and 2006 for a very simple reason – the banks were undercapitalized, and returns are a function of earnings and capital. " - James P. Gorman

" If you underperform for your owners, eventually they pick up their bat and ball and go home. " - James P. Gorman

" If you’re just interested in the prestige of banking, that’s not what’s going to sustain you. You have to be interested in what we do: managing and originating capital, helping issuers and investors come together is great, bringing these companies to life. " - James P. Gorman

" The threshold question: Will banks continue to exist? The answer is yes, because society will still need the two essential functions they provide: mobilization of capital from providers to users, and facilitation of payments for goods and services. " - James P. Gorman