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ARCHIVE | Criteria | Financial Institutions | Banks: 2010-2011 Revenue Assumptions For Global Securities-Related Business Lines Mar 10
Standard & Poors, March 2010
Abstract
This article replaces 'Standard & Poor?s Publishes 2009 and 2010 Revenue Assumptions for Global Securities-Related Business Lines,' published June 24, 2009. In applying these general assumptions, we take into account the different strategies and competitive positions of the various institutions. We assume that full-year 2010 revenues will be down approximately 25% from the level of full-year 2009 before write-downs and special items. We assume that 2011 revenues will be basically flat compared to 2010. We assume that overall investment-banking revenues will be up about 20% in full-year 2010 compared with 2009. We assume that 2011 revenues will be basically flat compared to 2010. We see modest upside for asset-management and wealth-management operations, with revenues in 2010 being up 5%-10% from...
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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