Moody’s Enthused With Large Global Capital Market Banks’ Performance

The top 14 large global capital market banks have posted impressive performances in improving capital, reducing leverage and strengthening funding, according to Moody’s Investor Services. However, Moody’s Corporation (NYSE:MCO) is concerned about the government support of bank holding companies, given the Orderly Liquidation Authority plans for ‘systemically important financial institutions.’ The agency feels this would reduce the likelihood of government support of banks. Capital market banks get outperform rating In a recent report published by Brad Hintz of Bernstein Research after discussion with Moody’s Corporation (NYSE:MCO), Bernstein has assigned an Outperform rating to Morgan Stanley (NYSE:MS), CME Group Inc (NASDAQ:CME) and Goldman…