Goldman Sachs & Lehman Bros First Blush: 1Q08 Better Than Expected - Earnings Note - 2008/03/18 - CreditSights

Report title: Goldman Sachs & Lehman Bros First Blush: 1Q08 Better Than Expected

from CreditSights
930 word report published Mar 18, 2008

Price $150.00 available for immediate download HTML

Report Overview

Search Inside

Abstract: A quick take on 1Q08 shows support for the broker group as results beat Street consensus and our estimates. Asset management some equities grow, while debt trading and some equity trading falls. Overall liquidity capacity looks strong.

Brief Excerpt: Goldman Sachs & Lehman Bros First Blush: 1Q08 Better Than Expected First Blush earnings look good in context of market stress Goldman and Lehman show strong results from asset management Fixed Income falls with weak mortgage and dormant...

Report Type: Earnings Note
Source: CreditSights Inc
Free Sample: Click Here to Download

Enter the keyword(s) which you would like to search for within this document and click "Search"

Also from CreditSights

U.S. Banks: Repaying TARP, Off to the Races Again? $150.00
We review the banks which were approved to repay the TARP funds. Ten banks received approval to repurchase $68 billion in preferred stock issued under the TARP Capital Purchase Program. Related warrants remain outstanding at this moment.
Exchange Offer Autopsies & Other Debt Defying Acts $150.00
We review announced exchange offers for junior capital securities among U.S. banks. Bank of America, Fifth Third, KeyCorp and SunTrust to pursue exchange/tender offers.
Credit Card Reform: Impact on U.S. Banks $150.00
We review the credit card reform legislation likely to be signed by the President in the next few days. Major impact is for monoline issuers, while for big banks the impact should be more manageable.
Morgan Stanley 1Q09 Tearsheet $150.00
Goldman Sachs 1Q09 Tearsheet $150.00
Bank of America 1Q09 Tearsheet $150.00
JPMorgan Chase 1Q09 Tearsheet $150.00
U.S. Banks: Stress Test Countdown, T-1 Day on BofA $150.00
Today's update on the stress test includes estimated $35 billion capital shortfall at Bank of America. We review potential options for the company. Non-cumulative preferreds (~$33B), possible asset sales should be able to bridge shortfall.

CreditSights
CreditSights is an independent research platform comprised of a team of analysts with both buy-side and sell-side experience in the U.S. and overseas. CreditSights' research focuses on global corporate and sovereign issuers, which have securities that are actively traded in the corporate bond, credit derivatives and/or equity-linked markets. Sector coverage is broad-based and includes telecom, technology, and media; autos and general industrials; utilities and energy; financial services; commodity cyclicals; retail and consumer products; and aerospace and defense. Emerging markets coverage includes the major Latin American, Asian and Eastern European countries. The focus of CreditSights research is to help investors make decisions by distilling and interpreting significant developments and specific events affecting individual companies, industries, or the securities markets as a whole.

Price: $150.00

Free Sample

Questions about
this research?

Send to a friend