• +353-1-416-8900(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Recent Credit Market Volatility Overshadows A Bright Second Quarter For U.S. Banks And Brokerages Aug 07 Product Image

Recent Credit Market Volatility Overshadows A Bright Second Quarter For U.S. Banks And Brokerages Aug 07

  • Published: August 2007
  • Region: United States
  • Standard & Poors

FEATURED COMPANIES

  • Bank of America Corp.
  • Citigroup Inc.
  • JPMorgan Chase & Co.
  • Merrill Lynch & Co. Inc.
  • Morgan Stanley
  • U.S. Bancorp
  • MORE

Abstract
Even though U.S. banks and brokerages turned in solid second-quarter results, subprime mortgage issues, a leveraged loan market marked by numerous stalled deals, and fixed-income price volatility deeply rattled the credit markets. In a Standard & Poor's Ratings Services conference call held on Aug. 8, 2007, Financial Institutions analysts Rodrigo Quintanilla, Tanya Azarchs, Victoria Wagner, and Scott Sprinzen put the issues facing the U.S. banking and brokerage industry into perspective. Each of the analysts emphasized that, for some time, Standard & Poor's has anticipated the turn in the capital markets to more normal credit spreads, and that we base our ratings on an individual company's underlying structure and overall financial health and creditworthiness, not cyclical earnings peaks and valleys. For...

Companies mentioned in this report are:
- Merrill Lynch & Co. Inc.
- Bank of America Corp.
- U.S. Bancorp
- Morgan Stanley
- Countrywide Financial Corp.
- JPMorgan Chase & Co.
- Citigroup Inc.
- The Goldman Sachs Group Inc.
- Washington Mutual, Inc.

Standard and Poors RatingsXpress Credit Research provides in-depth READ MORE >

- Merrill Lynch & Co. Inc.
- Bank of America Corp.
- U.S. Bancorp
- Morgan Stanley
- Countrywide Financial Corp.
- JPMorgan Chase & Co.
- Citigroup Inc.
- The Goldman Sachs Group Inc.
- Washington Mutual, Inc.

Note: Product cover images may vary from those shown

RELATED PRODUCTS