Earnings season began last week with the largest banks reporting first.
While revenue and earnings per share for the majority beat market expectations and consensus, digging a little deeper we can see these results reflect strong growth in investment-banking fees and trading revenues.
However, the financial institutions debt business is in destruction, their prime brokerages have been exposed, and commercial mortgages are imploding...
We can shout about the injustices and what happened in the 2008 financial crisis from the rooftops all we want, but it just doesn't matter…
|
0 Response to "2 Toxic Dept Bombs to Avoid "
Post a Comment