1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies

S&P, Moody's (Buffett) Earn Record Fees From Derivatives Market

December 12, 2005 | About:

Moody's Investors Service and Standard & Poor's, the world's biggest credit-rating companies, are raking in record fees from customized bond sales crafted by Wall Street's derivative specialists.

Revenue at Moody's, whose biggest shareholder is Warren Buffett's Berkshire Hathaway Inc., probably increased 19 percent this year to an all-time high of $1.7 billion and may rise 17 percent at S&P to a record $2.4 billion, estimates Bear Stearns Cos. analyst Michael Meltz.


Rating: 1.0/5 (1 vote)


Please leave your comment:

Performances of the stocks mentioned by

User Generated Screeners

ligeron.4gJoel Greenblatt
opadovaniP min
liuzishuNon-Div Beneish EV/EBITDA
liuzishuNon-Div Beneish ROA/E
alberto.lopezblancoMomentum / Deep Value_V2
alberto.lopezblancoMomentum / Deep Value_volume
alberto.lopezblancoAdquirer's Multiple
HOLKLSUTest First Group Trump Trade
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat