Greenhill earnings strong

The rise of boutique investment banks run by some very big names has been a big story on Wall Street recently. The coming launch of Joseph Perella's firm will be widely watched. Judging by the earnings of Greenhill & Co., the idea is certainly being validated. The firm posted earnings of 93 cents a share vs. the average estimate of 86 cents a share. Merchant banking revenues were especially strong.

> Here's an update from MarketWatch.