Aladdin Capital Research Monitor® Vol. X, No. 11 - October 27, 2009

The Exciting World of U.S. Banks: Third quarter 2009 earnings for U.S. banks were generally positive, but results exhibited ongoing points of concern for the sector. Of the country’s largest banks, 10 produced better-than-expected results (this includes Goldman Sachs and Morgan Stanley which are still more like investment banks), while six banks came in below expectations. JPM and Goldman were the strongest and Citigroup surprised to the upside (despite marking $11.8 billion in provisions). While Q3 2009 earnings show stabilization in the banking sector, banks continue to face substantial headwinds, something that will continue to have a broader impact on the rest of the U.S. economy.

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Past Issues:

•  Aladdin Capital Research Monitor® Vol. X, No. 10 - Septmber 13, 2009