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Brad Hintz
Latest Headlines
Latest Headlines
Volcker Rule ushers in new era at Goldman Sachs
The conventional wisdom is that the Volcker Rule will hurt trading-intensive banks most severely, unless the rules are watered down at the eleventh hour.
So how exactly will Goldman Sachs, the uber-trader, fare in this new era? Not so well, according to a note from Brad Hintz, the respected Be
U.S. debt downgrade would hit FICC trading profits
The deal reached between Congressional Democrats and Republicans to lift the U.S. debt ceiling was greeted as good news on Wall Street. But the deal--unfortunately--did not render a debt downgrade out of the question. It's still quite possible that the debt will be downgraded from triple-A if the
Goldman Sachs: Too big to prosecute
The idea that Goldman Sachs is not only too big to fail but also too big to criminally prosecute has gained traction lately. Some believe that the bank's stature makes a criminal prosecution too-risky an endeavor for the government, given its stature as a powerful Treasuries dealer. A criminal pro
Morgan Stanley hit for tax benefit nondisclosure
It wasn't a complete victory for Morgan Stanley (NYSE: MS ). Its second-quarter earnings surprised the street on the upside, suggesting it will soon return as a trading powerhouse. But TheStreet.com notes that a controversy over a tax windfall has broken out, as two noted Wall Street observ
Update: Goldman Sachs settlement talks
There has been a lot of talk about what it would take to get Goldman Sachs ( NYSE: GS ) to settle the SEC's ( SEC news) fraud charges. We've noted previously that the bank's line in the sand is this: it cannot admit to fraud under any circumstances.
Media reports hold that the bank is, th
Stock underwriting revenues may be fleeting
Sanford Bernstein analyst Brad Hintz has issued a report discussing the strong equity underwriting activity as of late. Volume was up 86 percent through Wednesday compared to the first quarter. Goldman Sachs has fared best with $516 million in revenues this quarter. As reported by TheStreet.com
Do Bank of America and the Smith Barney-Morgan Stanley deal validate wealth management?
The retail wealth management industry is not the next subprime-like growth opportunity or anything. But it represents a solid market over the next few years, and at a time like this that's saying a lot. All the confirmation we need is right in front of us: Bank of America's deal for the Thunde
Merrill Lynch to slash dividend?
It's no secret that banks are constrained as they try to raise capital these days. Shareholders seem to have borne the brunt of these efforts, to say the least, and there's got to be a limit as to how much abuse they can take. But it looks like dividends may have to be cut by more banks. At Lehm
