Tag: USB
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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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Moody’s downgrades U.S. banks one notch as credit strength ebbs
[ad_1] Moody’s Investor Service has revised its outlook the U.S. banking sector by one notch as the sector faces higher interest rates, funding risks and less credit strength, on the heels of earnings updates from financial firms in recent days. Citing deterioration of the operating environment and pressure on profit margins, Moody’s late Friday cut…
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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…