1. Suppose that you operate a large commercial bank, the performance of which is closely followed by many stock analysts. You have just received a summary of five different analysts reviews of your banks performance. The essence of each report is that the bank must lower its efficiency ratio from the current 59 percent to less than 52 percent before the analysts will put a strong buy recommendation on the stock. Otherwise, the bank is viewed as a takeover target. a) Describe several strategies that you might pursue in response to these reports. b) Discuss the strengths and weaknesses of each strategy. Do stock analysts generally have a reasonable influence on bank managers, or is their influence too great? c) Discuss whether management should focus on the operating risk ratio and what the likely impact of efforts to reduce this ratio will be.