Salient to Investors:

Matthew Peron at Northern Trust said the strong jobs report is good for equities because it’s supportive for earnings growth, and we know this is not going to be a terrific earnings season. Peron said the focus will be on guidance and now is the time for the hand-off from Fed support to happen.

Matthew Burnell at Wells Fargo said smaller banks faces less onerous risk weightings for residential mortgages under Basel III.

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