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US financials rally despite more poor results

By Hugh Keane

Wednesday, October 19, 2011

Goldman Sachs reports 3Q loss while Bank of America's profits boosted by 'exceptional items'

Comment by: Anonymous. Posted 12 years ago [2011-10-21 09:37:55]

Why are US investment banks reporting poor earnings? Because they are taking the pain of disentangling themselves from everything euro-related. That is what is going on under the surface and it’s a big reason to buy US fins – the US-Europe bifurcation trade starts now!!

Funds

New Mountain Capital BDC raises nearly USD 860m 1 day ago
Swedish manager raises EUR 1.7bn for private credit fund 1 day ago
Higher interest rates have caused more private credit downgrades, new report says 2 days ago
Raymond James and Eldridge Industries launch private credit platform 2 days ago
Bain Capital hires North American head of special situations from Brookfield 6 days ago

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