Tag: Truist Financial Corp.
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Big banks performed well in Q1 despite ‘gut-wrenching volatility’: analyst
[ad_1] JPMorgan Chase & Co. and Goldman Sachs Group Inc. earned the highest praise from KBW analyst David Konrad for their first-quarter profits, according to a research note. “Despite the gut-wrenching volatility in bank stocks, the overall market has performed well, supporting growth in wealth and investment management revenues,” Konrad said in a report published…
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Loan growth, lower margins cloud the skies over big banks: analyst
[ad_1] While bank stocks may recover slightly after lagging the broad market in 2023, first-quarter earnings updates from big banks may not provide much additional lift as big clouds hang over the sector, JPMorgan analysts said Monday. Banks continue to face a litany of concerns from inflation to recession to jitters around the banking system…