Description:Â Wide credit spreads and lack of competition boost profits at Goldman Sachs and JPMorgan.
Source: CNNMoney â€“ video report
Keys:Â Stock valuation (p281), Financial environment (p27), Cash flows (p355)
Questions for discussion:Â
- Summarize the reasons for bank success this quarter and the reasons for concern in the future?
- How does banking financial success or failure affect corporate borrowers? Explain your answers.