Third-quarter earnings results from big US banks this week are likely to be dampened by continuing problems in consumer credit and commercial real estate. Strong results are expected from Goldman Sachs on Thursday although it is not certain it can top its record Q2 performance. A surge in fixed-income underwriting deals is likely to boost revenues at investment banking divisions of JPMorgan Chase, which reports Wednesday, and Bank of America, which reports Friday. But their non-investment bank operations will be hit by loan losses in the commercial as well as consumer area.

This entry was posted by Gwen Robinson on Monday, October 12th, 2009 at 4:56 and is filed under Capital markets. Tagged with goldman sachs, JPMorgan. bofa. Edit this entry.