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Tech Sector Rises Near Record Levels on Fed, Trade Optimism

June 20, 2019

“The Fed didn’t announce an easing, but we almost, almost got an ease, which is very constructive,” said Brian Battle, director of trading at Performance Trust Capital Partners. Battle also pointed to the recent news that President Donald Trump would meet with Chinese counterpart Xi Jinping at next week’s G-20 summit, which was viewed as a sign of potentially easing trade tensions.”

*available to Bloomberg terminal users

Illinois tollway takes a rating blow in Puerto Rico-related fallout

June 18, 2019
The Bond Buyer

The downgrade or concerns over revenue credits shouldn’t deter investors or raise yields on the upcoming sale, said Brian Battle, director of trading at Chicago-based Performance Trust Capital Partners.

“I think they will overlook it,” Battle said of investors. “The tollway is already suffering for being related to the state so it’s cheaper than it should be and I don’t think a disagreement on methodology between the rating agencies will impact pricing. It’s a good credit in a bad state.”

Battle also believes investors are still gauging how or even whether to price Puerto Rico risk given the precedent-setting ruling. It directly impacts states only in the 1st Circuit although it can influence decision in other circuits. “We are all learning as we go,” Battle said.

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Wall Street 'on pins and needles' ahead of Fed meeting; oil climbs

June 15, 2019
Brisbane Times

"There's a lack of information to trade and the magnitude of the importance of the Fed next week can't be overstated, so you don't want to put any position on in front of something that has the potential to be such big news," said Brian Battle, director of trading at Performance Trust Capital Partners in Chicago.

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Moody's Illinois affirmation first signal that budget won't draw downgrades

June 4, 2019
Bond Buyer

Moody's Investors Service affirmed its Baa3 rating and stable outlook on Illinois general obligation bonds Tuesday afternoon.

The formal action underscores the views of several municipal bond market observers that the budget does just enough to keep the state from a calamitous downgrade to speculative grade — but nowhere near enough to start talking upgrade.

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Performance Trust open to expansion after closing Banks Street deal

June 4, 2019
S&P Global

Performance Trust Capital Partners LLC recently closed its acquisition of Banks Street Partners LLC, but that is not the end of the company's expansion efforts.

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Pittsburgh bank set for major rollout in the Valley; market president named

May 30, 2019
Biz Journals

Dan Bass, an investment banker... [at] Chicago-based Performance Trust Capital Partners... said PNC is following a common thread of larger banks looking to establish a presence in other markets by assembling a local team rather than by trying to acquire a local financial institution.

"Banking is relationships so it makes more sense to do it this way rather than the expensive M&A route," Bass said.

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