Wall Street Firms Have Best Quarter Since Crisis (JPM, GS, MS, BAC)

天真的冷酷

The Wall Street Journal reported that Wall Street firms are about to close their most lucrative quarter since the credit crisis erupted.

Companies such as J.P. Morgan Chase & Co. (NYSE: JPM), Goldman Sachs Group (NYSE: GS), Morgan Stanley (NYSE: MS) and Bank of America (NYSE: BAC) are doing well with their historic bread and butter, which is trading and underwriting.

Investor enthusiasm in the debt markets fueled issuance of $1.5 trillion globally from the start of the Q2 through Monday, according to Dealogic. That was just slightly lower than Q1, but the latest results showed a rebound in high-yield issuance.

Equity offerings reached nearly $260 billion during Q2 which is almost 4 times the amount recorded during Q1, and the highest since 2008's second quarter, Dealogic said.

In trading, the range between bid and offer prices on fixed-income assets remained wide during the quarter, boosting profits from buying and selling these securities. Fixed-income trading is one of the main earnings boosters for securities firms.

A majority of the quarter's equity issuance came after banks rushed to raise nearly $90 billion following the government's stress tests. There also was a backlog of issuers taking advantage of the market's strength since early March, not necessarily a major shift in market sentiment.

Wall Street is heading historically into the sluggish summer months so things should slow for the next couple month.

金牛银熊

当然，三个月能把ＳＰＹ从６ＸＸ给弄到９ＸＸ，５０％的升幅，有的个股能１，２，３倍的翻。
历史上从来没有过，是前无古人！
但肯定也是后无来者的。。。。。。
因此不要听有心人的胡说八道。。。。。。

天真的冷酷

2# 金牛银熊


老熊，外面一直有一种消息：barclay 是　政府的　宣传机构。。。　是否这样的？

yuelm2008

2# 金牛银熊


agree