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Tuesday, February 14th, 2012

Posts Tagged ‘ Fixed Income Market ’

JPMorgan, Goldman Sachs Profit Surge is an Accounting Mirage, Not a Sustainable Sector Trend

Jul 17th, 2009 | By Jason Simpkins | Category: Financial News

It takes more than two to make a trend.  JPMorgan Chase & Co. (NYSE: JPM) yesterday (Thursday) became the second major U.S. investment bank – following Goldman Sachs Group Inc. (NYSE: GS) – to this week report windfall profits for the second-quarter. That’s helped fuel a four-day advance in U.S. stocks that’s seen the Dow Jones Industrial Average surge 7%.