Wall Street’s big banks set to tap the corporate bond market

JPMorgan Chase & Co credit research analysts Kabir Caprihan and Nikita Dyatlov expect big banks to borrow a combined US$24bil (RM100.24bil) to US$32bil (RM133.65bil) following their earnings reports. Citigroup Inc, Wells Fargo & Co and JPMorgan itself all announced results the past week.

NEW YORK: Wall Street’s biggest banks are expected to hit the corporate bond market after they report quarterly results in an effort to raise money before the Federal Reserve (Fed) knocks borrowing costs higher.

JPMorgan Chase & Co credit research analysts Kabir Caprihan and Nikita Dyatlov expect big banks to borrow a combined US$24bil (RM100.24bil) to US$32bil (RM133.65bil) following their earnings reports. Citigroup Inc, Wells Fargo & Co and JPMorgan itself all announced results the past week.