Morgan Keegan & Co., Inc.

Morgan Keegan & Co., Inc. Company Profile

THE SCOOP

Out of the South
Morgan Keegan is the brokerage and investment banking arm of Regions Financial Corporation, one of the top 12 bank holding companies in the U.S. and the largest regional bank in the Southeast.  In 2004, Alabama-based Regions merged with Memphis, Tenn.'s Union Planters Corp., and in 2006, the entity merged with Birmingham, Ala.-based AmSouth Bancorporation in a massive $9.8 billion deal.  These mergers-plus the company's organic expansion efforts-have turned Regions into a national banking powerhouse, with over $146 billion in assets and $89 billion in deposits.

Morgan Keegan's story began in Memphis in 1969, when it went into with just five employees and one office.  By 1972, Morgan Keegan had secured a seat on the New York Stock Exchange, opened a second location and launched a fixed-income group.  It added an investment banking division in 1976, and after a successful IPO in the 1980s, expanded into asset management.  Although it made a handful of acquisitions, Morgan Keegan stuck close to home, buying smaller investment boutiques in Mississippi, Louisiana and Arkansas.  It was acquired by Regions in 2001, and today, Morgan Keegan's clients include corporate, institutional and individual investors around the world.  Regions has used some of its vast resources to grow Morgan Keegan, which employs approximately 4,300 people in 300 offices across the country.  And when Regions sealed its big deal with AmSouth, all of AmSouth Investment Service's accounts and brokers were handed over to Morgan Keegan.

Top underwriter
Morgan Keegan's underwriting prowess was again demonstrated in the first half of 2010, when the firm continued to have success in its municipal bond business.  According to Thomson Reuters, the firm ranked No. 8 in underwriter of municipal bond issues for the first six months of 2010, with 326 issues valued at $7.7 billion.  The firm was also the No. 1 underwriter in all of the South Central U.S. (Alabama, Arkansas, Kentucky, Louisiana, Mississippi and Tennessee), and No. 1 in number of issues in Louisiana, New Hampshire, Tennessee, Virginia and Georgia.

Research power
Morgan Keegan's equity research department consists of 22 senior analysts who cover more than 300 companies from 10 industry sectors, including consumer services, energy, financial services, healthcare, industrial distribution/construction, real estate, security, safety and defense, special situations, technology and transportation.  Recently, 10 Morgan Keegan equity research analysts were ranked among the best analysts in the U.S. by both The Wall Street Journal and Financial Times/StarMine.  In fact, Morgan Keegan equity research analysts have been named to The Wall Street Journal's  annual top analyst rankings for 13 straight years and to the FT/StarMine analyst rankings for eight consecutive years.  In 2010, Simon Leopold, communications equipment analyst for Morgan Keegan, was recognized as the No. 1 earnings estimator in the U.S. in the Financial Times/StarMine rankings.  Leopold's No. 1 ranking across all industries marked the second time in the last five years that a Morgan Keegan analyst topped the rankings.


 

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Morgan Keegan & Co., Inc.


Morgan Keegan Tower
50 Front Street,17th Floor
Memphis, TN 38103
Phone: (901) 524-4100
Fax: (901) 579-4406
www.morgankeegan.com

STATS


  • Employer Type: Public
  • CEO: John C. Carson Jr.
  • 2010 Employees: 4,300

Major Office Locations

  • Montgomery, AL
  • Gainesville, FL
  • Fort Lauderdale, FL
  • Atlanta, GA
  • Boston, MA
  • Jackson, MS
  • New York, NY
  • Raleigh, NC
  • Durham, NC
  • Charlotte, NC
  • Memphis, TN
  • Austin, TX
  • Houston, TX
  • Richmond, VA
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