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US Banking Sector Endeavors Recovery -- Research Report on Goldman Sachs and JPMorgan Chase's

June 9, 2011 - MACAU

Today, announced its research report highlighting Goldman Sachs (NYSE: GS) and JPMorgan Chase's (NYSE: JPM). Full content and research is available at

The United States banking industry is still questionable even though we have seen a sizeable recovery in recent quarters and several catalysts are to blame: asset quality is in check, tight regulations and banks tightening their belts, and worst of all the continued rise of residential and commercial foreclosures and loan defaults.

Better news is that while low liquidity, loan demand and revenues continue to plague the financial system, help from the government has kept the industry relatively stable. Banks are aggressively playing "catch-up" concentrating on problem credits in residential and commercial real estate and the government has raised the bar providing substantial capital and debt guarantees.

Equity Markets has reviewed Goldman Sachs as a global investment banking, securities and investment management company providing a range of financial services to a client base that includes corporations, financial institutions, governments and high-net-worth individuals. Its United States depository institution subsidiary, Goldman Sachs Bank USA (GS Bank USA), is a New York State-chartered bank. It has been viewed that GS's capital position will remain positive and earnings potential could rise. The full research report on Goldman Sachs (NYSE: GS) is available here:

Equity Markets is covering JPMorgan Chase's principal bank subsidiaries are JPMorgan Chase Bank, National Association (JPMorgan Chase Bank, N.A.), a national bank with United States branches in 23 states, and Chase Bank USA, National Association (Chase Bank USA, N.A.), a national bank that is the Firm's credit card-issuing bank. JPM's first-quarter 2011 results showed strong trading and securities gains, which offset industry-wide weak trends in loan growth and net interest income. JPM's first quarter core net revenues were up 1.15% from fourth quarter results which were above most peers. The full research report on JPMorgan Chase's (NYSE: JPM) is available here:

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Samuel Littman
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