Goldman Sachs thrives in a 'perfect market,' suggesting strong Morgan Stanley earnings ahead

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โดย Yahoo Finance·Read original
Summary · why it matters

Whalen Global Advisors chairman Chris Whalen described current conditions as a 'perfect market' for Goldman Sachs, noting that the firm's second-quarter results reflect an environment it waits and prays for. He highlighted that asset management and credit are performing well, and that Goldman's exit from the Apple relationship is a big positive. Whalen cautioned that if IPO activity slows from last quarter's pace, it could weigh on Wall Street, but he emphasized that client demand for assets and deal-making is mind-bogglingly exuberant. He expects Morgan Stanley to report big numbers, driven in part by its huge margin lending business.

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Financials · 4 stocks
Goldman Sachs Group Inc
GS
▲ PositiveDemandrelevance

Article describes a 'perfect market' for Goldman Sachs with exuberant client demand for assets and deal-making, and strong asset management and credit performance.

Morgan Stanley
MS
▲ PositiveDemandrelevance

Article expects Morgan Stanley to report big numbers driven by its huge margin lending business and the same favorable market conditions.

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