The Rich Get Richer: Rockin’ Q1 Expected for Banks

According to several analysts who pay attention to this kind of thing, Wall Street banks are poised to report another blockbuster quarter this go-round. One big reason? M&A has been hot, especially across the pond. And so has fixed-income trading, with high volume and volatility. One analyst is predicting that revenues will come in 13 percent higher than last quarter and 12 percent higher than a year earlier. Of course, this hasn’t gone unnoticed by investors: The stocks of Goldman, Lehman and Bear Stearns are all up more than 10 percent this year.
Wall Street Banks on Record Course [MSNBC]

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