trending Market Intelligence /marketintelligence/en/news-insights/trending/IfEAwiTr9kprPTYiuVg_lw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Moody's: Credit profiles of 5 biggest US investment banks remain stable

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity


Moody's: Credit profiles of 5 biggest US investment banks remain stable

Moody'ssaid May 4 that the credit profiles of Bankof America Corp., CitigroupInc., Goldman SachsGroup Inc., JPMorganChase & Co. and MorganStanley remain stable, despite weak results for the first quarter.

Accordingto the rating agency, prolonged weak earnings could lead to further business modeland cost structure reconfigurations. But Peter Nerby of Moody's noted thatfirst-quarter results "actually reinforced the enhanced durability of thebanks' credit profiles in the wake of the crisis."

Moody'sattributed revenues and earnings declines in the quarter across investmentbanking, equities and fixed income currencies and commodities at the five banksto macroeconomic instability, increasing energy-related credit costs and globalgrowth concerns.