Description:Â Wide credit spreads and lack of competition boost profits at Goldman Sachs and JPMorgan.
Source: CNNMoney – video report
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Date: 10/16/2009
Keys:Â Stock valuation (p281), Financial environment (p27), Cash flows (p355)
Link: http://money.cnn.com/video/markets/2009/10/16/mkts_ss_banks_credit_fbr.cnnmoney/
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.
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