Good afternoon. We’re here to help you get ready for the week ahead, one that features earnings news from several banks. This will be a challenging year for that sector. Rising interest rates make lending more profitable but have a way of triggering defaults and asset writedowns. It really depends on how the Federal Reserve’s novel interest rate policy shakes out. That’s what you call a known unknown.
Goldman Sachs reports earnings. As profitable as Goldman is, its stock price hasn’t performed so well in the past few years, and the firm’s $130 billion market capitalization is $50 billion smaller than Morgan Stanley’s. That’s why
→ Continue reading at Crain's New York Business