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Wall Street Roundup: Obama's Wall Street snubs. Banks report good earnings.

July 21, 2010 |  8:10 am

Hanging on Bernanke's words. Wall Street is eagerly awaiting Ben Bernanke's appearance today in front of the Senate Banking Committee, looking for signs about the durability of the current economic recovery. 

Banks report good earnings. After Goldman Sachs disappointed investors yesterday, Morgan Stanley and Wells Fargo came out this morning with numbers that bested expectations.

Obama's Wall Street snubs. While President Obama invited many banking leaders to the signing today of the financial reform bill, left off the list were Jamie Dimon from JPMorgan Chase and Lloyd Blankfein from Goldman Sachs.

Credit agencies run from risk. Fearing the uncertain outcome of the financial reform bill, the big credit agencies have asked bond issuers not to advertise their credit ratings in bond offerings, the Wall Street Journal reports.

SEC charges on. After settling a big case with Goldman Sachs last week, the chairman of the Securities and Exchange Commission promised yesterday that her organization is pursuing more cases stemming from the financial crisis.

--Nathaniel Popper in New York
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