1. Send comments or questions.
  2. Full Name*
    Please enter your full name.
  3. Company*
    Please enter your company
  4. E-mail*
    Invalid email address.
  5. Phone #
    Invalid Input
  6. Subject*
    Please make a selection
  7. Comments
    Invalid Input
  8. Just a simple security measure to prove you are a human.
  9. * = Required

Battle says jobless report bears closer look

March 8, 2013
MarketWatch.com

The headline jobless numbers might look better than they actually are, says Brian Battle of Performance Trust Capital Partners. Battle tells MarketWatch Radio's Joan Doniger this "raging rally" could soon run into a pullback.

View Full Article

CommunityBank execs discuss merger plans

March 7, 2013
Houston Business Journal

This March — Thursday, to be more precise — bank executives invited me to their office to tell me they planned to combine Vista Bank Texas and CommunityBank of Texas. But this time, richer shareholders weren’t going to ride off into the sunset just yet — it’s expected to be a merger of equals, allowing “everyone to maintain their position” in the bank. In other words, there's no premium. “Frankly, I think there should be more of these (types of deals), but typically egos get in the way,” said Dan Bass, Houston managing director of Performance Trust Capital Partners. “One side or another wants control or wants a premium.” But who knows, Bass said — the deal could spur similar transactions “where they put their egos in check and say, look, this makes a lot of sense. Merger and acquisition multiples aren’t going to get back anytime soon to what we were used to. But if we get to $2 billion, and they do come back, our shareholders are going to benefit from that.”

View Full Article


Exclusive: Vista Bank, Community Bank set to merge

March 7, 2013
Houston Business Journal

Vista Bank Texas and CommunityBank of Texas have agreed to a merger of equals, creating a $2.3 billion-asset financial institution in coveted, high-growth Houston, executives told the Houston Business Journal on Thursday. The merger would create one of the largest privately owned community banks in the Houston area, making it a tempting acquisition target for out-of-state banks or positioning it to make an initial public offering in future years — it would certainly allow the bank to compete harder against larger local financial entities, said Dan Bass, Houston managing director of Performance Trust Capital Partners. “I think what this tells you is this is not a group of shareholders that is done with banking, packing it in and leaving the industry — this is truly a long-term play of putting two banks together,” Bass said. 

View Full Article


Patriot Bank, Bank of Houston pass community reinvestment exams

March 6, 2013
Houston Business Journal

Two Houston banks scored "satisfactory" marks on the Federal Deposit Insurance Corp.’s exam on compliance with the Community Reinvesment Act, which purports to measure how well banks serve various segments of the population. But it’s not too difficult — it’s a standard, pre-Dodd Frank compliance test that banks have gone through for several years, said Dan Bass, Houston managing director of Performance Trust Capital Partners LLC. The banks “know the rules as far as what they need to be doing to show that they’re serving all areas of the community, not just the high-net-worth areas,” Bass told me in a quick phone call early Tuesday, adding that the test takes into account a population’s mix of income and geography. “Basically, you define your market share and show that you’re not discriminating against one type of client base.”

View Full Article


Street has 'crisis fatigue' on looming sequester

February 27, 2013
MarketWatch.com

Stocks have rebounded from Monday's swoon, says Brian Battle of Performance Trust Capital Partners, and the government spending cuts shouldn't be too much of a road block for continued gains. He joins Alisa Parenti for MarketWatch Stock Talk.

View Full Article

Louisiana banks flock to Houston to generate organic growth

February 22, 2013
Houston Business Journal

In many of Louisiana’s markets, stealing market share is the name of the game, but Houston’s overall economic prosperity means banks in the market can generate organic growth, said Dan Bass, managing director at Performance Trust Capital Partners in Houston. “It’s harder to steal market share than it is to grow in an economy and get your share of the new loans,” Bass said. “It’s good that all these banks are coming here—you’d rather have a bunch of banks coming in than a bunch of banks leaving. I think it bodes well for the future.”

You must be a Houston Business Journal subscriber to view this article.

View Full Article

Quinn delays $500 million borrowing in wake of state's bad credit rating

January 30, 2013
Chicago Tribune

Gov. Pat Quinn's administration delayed Wednesday's planned sale of $500 million in construction bonds, saying a recent credit downgrade because of inaction on government worker pension reform left the market "unsettled." While it's not unheard of for states to delay a bond sale, it is unusual, said Brian Battle, director of Chicago-based Performance Trust Capital Partners. "I think it certainly is a seminal event in Illinois history," Battle said. "Because of our credit rating, we could not sell bonds today. We could have, but we would have gotten hurt, and that's unusual. Now the citizens can see what the cost is for all this dithering in Springfield."

View Full Article

Illinois Yanks Bond Amid Pension Woes

January 30, 2013
The Wall Street Journal

Illinois took the rare step Wednesday of postponing a bond auction just hours before it was expected to launch, as concerns grew among investors over the state's deep pension hole. "It's the first real market indication that, because of our fiscal condition, we couldn't sell bonds," said Brian Battle, director of trading at Performance Trust Capital Partners in Chicago, referring to his home state. His firm had no role in the Illinois bond sale.

For Wall Street Journal subscribers only

View Full Article

OmniAmerican Heads Class of Ex-Mutuals Ripe for Takeover

January 23, 2013
American Banker

Monday marked three years since the $1.3 billion-asset OmniAmerican (OABC) in Fort Worth, Texas, converted from a mutual savings bank to a stock corporation. Regulations bar converted mutuals from selling themselves during their first three years, and speculation usually heats up as they approach that milestone. "I do know that they don't have the earnings that they should have," says Daniel Bass, a managing director at Performance Trust Capital Partners. "I would assume they are getting talked to, [and] they have such a good footprint in Fort Worth from a buyer's perspective."

View Full Article

Earnings season gives Street something to go on

January 11, 2013
MarketWatch.com

Brian Battle of Performance Trust Capital Partners is relieved to see the start of earnings season. He tells MarketWatch Radio's Joan Doniger that investors welcome the opportunity to look at solid numbers rather than political drama.

View Full Article

Set that bar really low for earnings season

January 7, 2013
MarketWatch.com

Investors should have very low expectations for the earnings season. So says Brian Battle, director of trading at Performance Trust Capital Partners. He talks to Larry Kofsky about what to expect this season and Investors should have very low expectations for the earnings season. So says Brian Battle, director of trading at Performance Trust Capital Partners. He talks to Larry Kofsky about what to expect this season and how to prep for the debt ceiling debate in Washington.

View Full Article

ASEAN Market Preview EAst West, Medco, Petronas, PTTEP, Keppel

January 3, 2013 
LiveTradingNews.com

On New Year’s Day, while the U.S. stock market was closed, Congress passed a bill to raise taxes on wealthy individuals and families, and preserve certain benefits, while avoiding immediate austerity measures. The combination of mandatory tax hikes and reduced federal spending, which had been set to go into effect on Jan. 1, had been known as the “fiscal cliff.” ” We had three choices: We were going to be off the cliff, we were going to be on the cliff, or we were going to avoid the cliff, and we avoided it,” said Brian Battle, director of trading at Performance Trust Capital Partners in Chicago. “There’s a relief rally, some progress because we raised revenue, but I think it’s going to be short-lived because the relief rally today was created by politics, and the next cliff is going to be created by politics.”

View Full Article

Shares surge with relief after deal ends US cliffhanger

January 2, 2013
The Independent

Congress approved an agreement on Tuesday night to prevent the bulk of the tax hikes and temporarily delay spending cuts set to come into force this month, sending shares higher when traders in London and New York returned to their desks today. "We had three choices: We were going to be off the cliff, we were going to be on the cliff, or we were going to avoid the cliff, and we avoided it," Brian Battle, the director of trading at Performance Trust Capital Partners in Chicago, said. But he warned about the looming challenges, as the debate now shifts to raising the debt ceiling in two months. "I think it's going to be shortlived, because the relief rally today was created by politics, and the next cliff is going to be created by politics."

View Full Article

Wall Street starts 2013 with a rally on "cliff" agreement

January 2, 2013
Fox Business News

Congress passed a bill to raise taxes on wealthy individuals and families, and preserve certain benefits, while averting immediate austerity measures. The combination of mandatory tax hikes and reduced federal spending, which had been set to go into effect on January 1, had been known as the "fiscal cliff." "We had three choices: We were going to be off the cliff, we we're going to be on the cliff, or we were going to avoid the cliff, and we avoided it," said Brian Battle, director of trading at Performance Trust Capital Partners in Chicago. "There's a relief rally, some progress because we raised revenue, but I think it's going to be short-lived because the relief rally today was created by politics, and the next cliff is going to be created by politics."

View Full Article

Texas Community Bank’s Q3 Texas ratio among highest in U.S.

December 18, 2012
Houston Business Journal

Texas Community Bank NA, a $235.8 million-asset financial institution based in The Woodlands, had the 30th-highest “Texas ratio” among all U.S. banks in the third quarter, according to an analysis by Charlottesville, Va.-based SNL Financial Inc. "I think they're trying to look at all their options," said Dan Bass, managing director at Performance Trust Capital Partners in Houston. "Regulators these days are giving more leeway if (the bank) is trying to make progress, talking to various investors."

View Full Article

Community Trust in La. Woos Private Equity with Organic Growth

December 18, 2012
American Banker

Attracting talent has been the key to the Texas operations, which account for $800 million in assets, mostly around Dallas-Fort Worth. The hiring continues; Mills says Preston Moore, a former Encore Bancshares CEO, was just recruited to lead an expansion into Houston. Encore was sold to Cadence Bancorp this year. That's a good sign, says Dan Bass, a managing director of investment banking for Performance Trust Capital Partners. Moore "is obviously very well known in the marketplace," he says.

View Full Article

Prosperity Bank’s move into Oklahoma not on menu for other Texas Banks

December 14, 2012
Houston Business Journal

Other large Texas financial institutions, such as Houston-based Amegy Bank NA and San Antonio-based Cullen/Frost Bankers Inc. (NYSE: CFR), have shown more interest in major Texas metropolitan markets. Based on their growth strategies, they probably didn’t pursue the Coppermark deal in Oklahoma City, said Dan Bass, Houston managing director for Chicago-based Performance Trust Capital Partners. “Are there any Texas banks that would do this deal? I don’t know of one,” Bass said. “A lot of banks that say they want to acquire in Texas haven’t done a lot of deals, and Prosperity just has a history of knowing how to do deals and not overpay and integrate them successfully and wring out the cost savings.”

View Full Article

Stocks Hold Gains on 'Cliff' Deal Optimism

November 28, 2012
CNBC.com

Stocks held their gains across the board Wednesday, with the S&P 500 trading above 1,400, after President Barack Obama addressed the ongoing "fiscal cliff" issue and following some positive comments from Speaker John Boehner. “You have an 11-percent gain on the S&P 500 this year—I can sell now and know what my capital gain and income taxes are going to be. But I have no idea what they’re going to be in 2013,” explained Brian Battle, vice president of trading at Performance Trust Capital Partners. “So I think there’s going to be a lot of selling ahead, not for fundamental reasons but for technical reasons.”

View Full Article

Post-election market drop not due to politics

November 8, 2012
MarketWatch.com

The market's post-election action is technical, not political, says Brian Battle, director of trading, Performance Trust Capital Partners. Battle tells MarketWatch Radio's Larry Kofsky that it's not "any sort of vote on the election," and what Wall Street will be watching is lawmakers' action on the fiscal cliff: "can they get a deal done, and what are the terms."

View Full Article

S&P Logs 4-Day Win Streak, All S&P Sectors Up

October 4, 2012
CNBC.com

Weekly jobless claims rose less than expected last week, to a seasonally adjusted 367,000, according to the Labor Department. Meanwhile, planned layoffs in September jumped, after hitting a 20-month low in August, according to the report from consultants Challenger, Gray & Christmas. “In the absence of bad news, we’ll drift higher and that’s what’s been going on,” said Brian Battle, vice president of trading at Performance Trust Capital Partners. “The economic number that matters the most is the unemployment number.”

View Full Article

Stocks at Lows, S&P Below 1450; CAT Falls 4%

September 25, 2012
CNBC.com

And coinciding with the market's initial pullback around midday, Philadelphia Federal Reserve President Charles Plosser said the central bank's QE3 will not do much to boost economic growth or lower unemployment. However, Brian Battle of Performance Trust Capital Partners said debate is already "priced in." "Plosser and [Federal Reserve Bank of Dallas President Richard] Fisher have been clear that [QE3] will not be effective...but the fact is that their dissenting makes no difference."

View Full Article

Wall Street Gains as Apple Scales New Peak on iPhone 5

September 21, 2012
Reuters

Apple Inc climbed 0.9 percent to $704.78, after earlier hitting an all-time high of $705.07. The iPhone 5 hit stores around the world, giving the world's most valuable company a boost ahead of the crucial end-of-year holiday season. "In a stable full of donkeys, there is one racehorse, and everyone is buying the racehorse," said Brian Battle, director of trading at Performance Trust Capital Partners in Chicago, in reference to Apple. "You have - which is something rare in the market these days - a stock that has fundamental value. It's not just a headline. It's not just hope."

View Full Article

Emanuel No Boss Daley as Teachers School Him With Strike

September 11, 2012
Bloomberg.com

The strike has sent parents rushing to find child care, though the impact on businesses has been muted, at least so far. “If this takes more than a week, then there’s going to have to be changes,” said Brian Battle, director of trading at Performance Trust Capital Partners, a broker-dealer that has about 150 people working in its Chicago office. “You can wing it for a couple of days, but the duration of the work stoppage is what’s going to determine our reaction.”

View Full Article

Stocks End Mixed; FB Below $18, Apple Rallies

September 4, 2012
CNBC.com

Stocks recovered from their lows to close mixed on the first trading day of September, but a pair of disappointing economic reports and jitters ahead of the ECB meeting later this week kept a lid on gains. “We should start getting used to these big [market swings]—there will be a lot of headlines in the next few weeks and that’s what’s going to define this fall,” said Brian Battle, vice president of trading at Performance Trust Capital Partners. “It’s remarkable that we’ve had any sort of rally whatsoever in the absence of any fundamental growth and it’s inexplicable that we should be at these prices—this seems to be like the calm before the storm.”

View Full Article

Standard & Poor's Lowers Illinois Credit Rating Lowered Over Pensions

August 30, 2012
WLS-TV

Standard and Poor's ratings service lowered the state of Illinois' rating a notch on Wednesday, citing continuing pension problems. "The aggravating thing is we saw it coming. Don't have the political will. Cost taxpayers," Brian Battle, Performance Trust, said. The move was expected after lawmakers failed to come up with a pension reform plan at a special session in Springfield earlier this month.

View Full Article

S&P Lowers Illinois Credit Ratings Over Pensions

August 29, 2012
The Associated Press

Stubborn pension problems and government gridlock earned Illinois another reduction in its credit rating Wednesday, potentially costing taxpayers millions of dollars. Illinois may have to pay an additional $1.5 million annually for each $100 million it borrows for public works projects, said Brian Battle, director of trading at Chicago's Performance Trust Capital Partners. With Illinois selling hundreds of millions of dollars' worth of bonds each year, the extra interest cost could hit $15 million, he said.

View Full Article

U.S. Small/Midcaps – Shares dip as Japanese data spurs economy fears

August 22, 2012
Reuters

Japan reported its exports slumped the most in six months in July as shipments to Europe and China tumbled, adding to concerns over global demand. "The export numbers were terrible, reinforcing the idea that all isn't well in the economy," said Brian Battle, director of trading at Performance Trust Capital Partners in Chicago. "We've had a slow, grinding rally and this takes the wind out of our sales and gives investors a reason to step back."

View Full Article

Dodd-Frank Credit Rating Regs Complicate Investment Analysis, Cut into Yield

August 20, 2012
Bank Safety & Soundness Advisor

Prior to the recession, too many banks were far too reliant on credit rating agency ratings when making decisions about investments. That, at least, is the idea behind the provision in Dodd-Frank that now prohibits banks from making investment decisions armed with little more than an S&P rating and a hunch. Dodd-Frank requirements for independent analysis will be hard for community bankers to manage on their own, says Richard Berg, CEO of Performance Trust, Chicago. “The standard is very high and fairly arbitrary [to vet investments],” he says.

Stocks Jump; Cisco Soars 10%; Facebook Down 6%

August 16, 2012
CNBC

Weekly jobless claims rose last week to a seasonally adjusted 366,000, according to the Labor Department, in line with expectations. And housing starts unexpectedly fell in July to a seasonally adjusted annual rate of 746,000 units, while gains from June were revised lower, according to the Commerce Department. (Read More: Homebuilders Begin to See Credit Thaw). “It’s been a mixed bag of economic news, but not bad enough for the Fed to move so we’re bumping along,” said Brian Battle, vice president of trading at Performance Trust Capital Partners. “Good news is that we’re not getting worse.”

View Full Article

U.S. Stocks – Wall St. slides on Spain, Greece fears

July 23, 2012
Reuters

Overseas stock and commodity markets fell steeply. European shares lost 2.6 percent, led by euro zone banking stocks, a trend the United States followed as shares of Morgan Stanley fell 2.3 percent to $12.50. "It was a wipeout in the overseas markets," Brian Battle, director of trading at Performance Trust Capital Partners in Chicago told Reuters. "We are going to echo that as confidence gets sucked out. The problem is bigger and more intractable than what happened in (the financial crisis) in '08…You could lose 40 points on the S&P today."

View Full Article

Stocks Close Lower Amid Economic Woes

July 16, 2012
CNBC

Stocks ended lower in light, choppy trading Monday, amid ongoing worries over the slowing economy and ahead of Fed Chairman Ben Bernanke's speech later this week. “It’s a headline-driven market and we need a headline,” said Brian Battle, vice president of trading a Performance Trust Capital Partners, of the quiet trading day. “We’ll be watching Bernanke later on this week and more earnings.”

View Full Article

Stocks Close Lower After Weak Jobs Report

July 6, 2012
CNBC

Stocks eased off their worst levels in the final hour of trading, but still finished firmly in the red Friday on the heels of a disappointing June government jobs report. “Take this [selloff] with a grain of salt because it’s a holiday week so some of the moves are magnified,” said Brian Battle, vice president of trading at Performance Trust Capital Partners, referring to the light market volume.

View Full Article

U.S. Stocks – Wall St. skids lower on jobs gloom

July 6, 2012
Reuters

U.S. stocks fell sharply on Friday after dismal jobs data heightened the impression the economy is stuck in a rut of slow growth. "You can imagine the employment number isn't very helpful today," said Brian Battle, director of trading at Performance Trust Capital Partners in Chicago. "Sub-100,000 is a very bad headline job growth number and the unemployment rate of 8.2, unchanged, isn't very great. All those things conspire to give us very little confidence in recovery."

View Full Article

Wah! Market wants bond blanky

May 30, 2012
CNNMoney.com

Investors have had enough of this whole Europe mess. Brian Battle, director of trading at Performance Capital Trust Partners in Chicago, said that the 10-year Treasury could probably get to 1.5% pretty quickly if there is more bad news about Europe. All the market would need to justify an even bigger rush into Treasuries is a "screaming headline" he said.

View Full Article

Stocks End Flat Amid Renewed Greece Woes

May 22, 2012
CNBC

Stocks erased most of their gains to finish flat Tuesday following reports that former Greek Prime Minister Lucas Papademos said preparations for Greece's exit from the euro zone are being considered. “We’re swamped by all these headlines,” said Brian Battle, vice president of trading at Performance trust Capital Partners of the day’s choppiness. “The technical argument is that we’re due for a rally, but fundamentally our stocks are still overvalued…it’s hard to imagine that stocks can really go up in this environment at all.”

View Full Article

Dow Logs 3-Day Rally, S&P Closes at 1400

April 26, 2012
CNBC

Stocks closed near their best level in thin trading Thursday, with the S&P rallying to 1,400, as hopes for further stimulus from the Federal Reserve seemed to overshadow worries over the jobs market and some tepid earnings reports. “It’s remarkable that we’ve come back to 1,400 on the S&P,” said Brian Battle, vice president of trading at Performance trust Capital Partners, adding that the index's 11 percent rally so far this year is outperforming the Dow's 8 percent gain. "But 2012 will be a year of moves up and down because of lack of info and volume.”

View Full Article

Stocks End Mixed; Apple Skids for 5th Session

April 16, 2012
CNBC

Stocks closed mixed Monday, with the Dow edging closer to the psychologically-important 13,000 level and the S&P 500 holding near its key 1,370 level, but gains were limited as the Nasdaq was dragged down by heavyweights such as Apple and Google. “We’re back to headline risk and with less fundamental news, you’re more susceptible to big market swings,” said Brian Battle, vice president of trading at Performance Trust Capital Partners. “The focus remains what’s going on in Europe and the yields.”

View Full Article

Dow Hits 13,000, But Markets Aren’t in Clear Yet

February 28, 2012
CNBC

Federal Reserve Chairman Ben Bernanke is scheduled to deliver his semi-annual testimony on monetary policy to Congress (colloquially known as the Humphrey Hawkins speech) on Wednesday, speaking before the House Financial Services committee at 10am ET. “I don’t expect any surprises in the written testimony but the Q&A portion could be interesting,” said Brian Battle, vice president of trading at Performance Trust Capital Partners. “This is the new era of transparency and [the Fed] has been trying to be more detailed and descriptive.”

View Full Article

Stocks Log Weekly Gain, Dow Just Shy of 13,000

February 17, 2012
CNBC

Stocks closed mixed in thin trading Friday ahead of the three-day holiday weekend, but all major averages logged robust gains for the week following some positive economic news and amid optimism that Greece will soon find a solution to its debt crisis. "No one wants to risk staying short if there is really a deal in Greece over the weekend," said Brian Battle, vice president of trading at Performance Trust Capital Partners. "But the sustainability of the rally is another question."

View Full Article

Analysis: Smart money points to more gains in U.S. stocks

January 7, 2009
Reuters

While the opening minutes of trading is dominated by retail investors reacting to morning news, it's the close of the session that matters more. That's when institutional investors who have spent the day digesting the data and headlines stake their claim. If avoiding getting blindsided by news from Europe is the reason for the dislocation between the open and the close, it suggests additional caution by traders, who remain concerned about what is called "tail risk" - the unknown surprise factor. "We could have a huge downdraft off the simplest bad news," said Brian Battle, vice president of trading at Performance Trust Capital Partners in Chicago.

View Full Article

U.S. Stocks – Wall St. ticks higher after Greece deal

February 9, 2012
Reuters

U.S. stocks edged higher on Thursday after Greece reached a deal to secure a financial bailout, but investors took a wait-and-see attitude in a market that has become extended after weeks of gains. There's some optimism that Greece has made it this far, but the reaction is muted because we've seen this before and there's still a lot of caution about Europe," said Brian Battle, vice president of trading at Performance Trust Capital Partners in Chicago.

View Full Article

Trading at Noon: Wall Street jumps on overseas optimism

February 1, 2012
Reuters

Optimism over the economy spurred gains in industrials, financials and basic materials, which rose between 1.5 percent and 2 percent. "The numbers aren't horrible, the trend continues that the news is OK," said Brian Battle, vice president of trading at Performance Trust Capital Partners in Chicago. "I think we're going to grind higher."

View Full Article

Wall St. Week Ahead: And you thought 2011 was tough?

December 31, 2011
Reuters

Rancor was in view again in December as Congress struggled to pass a two-month extension of U.S. payroll-tax cuts. "There will be less certainty about taxation and regulation so that will inhibit business formation and business growth," said Brian Battle, a trader at Performance Trust Capital Partners in Chicago.

View Full Article

Santa rally puts S&P up for the year

December 24, 2011
Reuters

Volume was light ahead of the extended Christmas holiday weekend, which could spark exaggerated market swings next week. The New York Stock Exchange observed normal trading hours, but the bond market closed early, at 2:00 p.m. EST (1900 GMT). Brian Battle, a trader at Performance Trust Capital Partners in Chicago, warned about reading too much into the market's recent run. He said he was cautious heading into the new year, with Europe's debt crisis unresolved, growth still weak, and a U.S. presidential election looming. Financials, the S&P 500's worst-performing sector this year, could continue to face amplified volatility. "We should all be careful not to deem it as the end," he said. "We might take it all back in January."

View Full Article

Municipal-Bond Rally Pushes Yields to Lowest in Four Weeks

November 1, 2011
Bloomberg News

Yields touched their lowest in more than two years on Oct. 6. Ten-year Treasuries dropped to 1.98 percent today, from 2.40 percent on Oct. 27. “We’ve had a 40-basis-point rally in the 10-year Treasury,” said Tom Boylen, a trader at Chicago-based Performance Trust Capital Partners. “Munis had some catching up to do.” The ratio of interest rates on top-rated 10-year munis to those on Treasuries rose to 113 percent yesterday. The high ratio is attracting investors to munis who would ordinarily buy other types of debt, Boylen said in a telephone interview.

View Full Article

Stocks get merger, earnings boost

October 24, 2011
CNN Money.com

Europe's top leaders said Sunday that they were getting closer to finalizing a plan to solve the continent's debt crisis. But with a final agreement not expected before Wednesday, the actual details remained under wraps. "It seems that European leaders are getting down to the brass tack of a resolution, but there's still nothing to write home about," said Brian Battle, vice president at Performance Trust Capital Partners. "Investors will be holding tight until Wednesday."

View Full Article

Global Markets—Global stocks, euro rise on Greek debt hopes

September 13, 2011
Reuters

Brian Battle, a trader at Performance Trust Capital Partners in Chicago, said stocks were being pulled by those who see them as overvauled given the economy is on the cusp of recession, and those who say stocks are historically cheap. "We're going to wrestle around and remain range-bound until we figure out which theory is true," Battle said.

View Full Article

US Stocks—Wall St. seeks direction, industrials higher

September 13, 2011
Reuters

Large-cap stocks that pay dividends are viewed by some as relatively safe from market risk. "There are two theories: the idea that stocks are overvalued, given global issues that could signal another recession, and the idea that stocks are cheap by historical standards," said Brian Battle, vice president of trading at Performance Trust Capital Partners in Chicago. "We're going to wrestle around and remain range-bound until we figure out which theory is true."

View Full Article

Stocks End Higher on Italy/China Bond Report

September 12, 2011
CNBC.com

Stocks rallied in the final hour to finish near session highs Monday, erasing their earlier losses in choppy trading, following an FT report that China was in talks with Italy to purchase its bonds. “[Italy’s move] seems logical—when you need money, you go to the guys that have it," said Brian Battle, vice president of trading at Performance Trust Capital Partners. “It’s good news that Italy’s seeking a solution, but it’s bad that they need a solution.”

View Full Article

Stocks surge after three-day rout

September 7, 2011
CNN Money.com

Stocks rallied right out of the gate and picked up steam through the day to end sharply higher Wednesday. The renewed optimism came on the back of solid gains in stock markets around the world, after a German court ruling rejected lawsuits intended to block Germany's involvement in providing other eurozone members with bailout packages. "The court ruling confirms [German Chancellor] Angela Merkel's ability to help bail out Europe's troubled areas, and that provides a great amount of confidence that we will see some sort of solution in Europe soon enough," said Brian Battle, director with Performance Trust Capital Partners.

View Full Article