NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) releases comment: Capital Markets Review and First Quarter Outlook.
The report makes the following key points:
- Most major U.S. banks with sizeable capital markets operations posted solid 2016 earnings despite the year’s slow start. Results were helped by heavy reliance on cost-cutting while volumes remain weak in many sectors compared with historical performance.
- The second half of 2016 saw a significant turnaround in the debt markets from the first half aided by an unexpected presidential outcome that resulted in greater market volatility, narrowing credit spreads, and renewed expectations by investors for stronger global growth.
- Strengthened capital markets activity, notably fixed income trading and underwriting, is expected to continue in the first quarter of 2017.
- Major U.S. banks continue to report solid capital levels and moderate leverage, especially when compared to pre-crisis levels and their global peers.
Please click here view the report.
About Kroll Bond Rating Agency
KBRA is registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization (NRSRO). In addition, KBRA is recognized by the National Association of Insurance Commissioners (NAIC) as a Credit Rating Provider (CRP).