Big Banks Launch Massive Post-Earnings Bond Sales
TL;DR Summary
Goldman Sachs sold $5.5 billion in bonds following strong second-quarter earnings, joining Wells Fargo and JPMorgan Chase in tapping the US investment-grade market. The proceeds will be used for general corporate purposes, with Goldman acting as the sole underwriter. This move comes as major banks take advantage of falling yields and prepare for potential market volatility ahead of the US elections.
- Goldman Sells $5.5 Billion of Bonds in Post-Earnings Binge Yahoo Finance
- JPMorgan Kicks Off First of Post-Earnings Big Bank Bond Sales Bloomberg
- Bank credit spreads tighten after earnings in bullish sign MarketWatch
- Yankee FIG jumps ahead of ‘$16bn’ US bank blitz GlobalCapital
- Goldman, Wells Fargo Join Big Banks’ Corporate Bond Sales Binge Advisor Perspectives
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