John Nuveen Company Successful launch of an equity mutual fund adds life and promise for 1997. Share repurchase program, dividends support JNC - not growth. Late signs of improvement have little impact on 1996 results. No compelling buy signal yet. New focus on retail funds should promote growth and a better business mix.
Expenditures consolidate industry position - without impairing margins.
This report does not constitute an offer to purchase or sell securities.