Regional banks will dominate rest of earnings season this week. Here's what analysts expect

  • 📰 CNBC
  • ⏱ Reading Time:
  • 23 sec. here
  • 17 min. at publisher
  • 📊 Quality Score:
  • News: 64%
  • Publisher: 72%

Banks Noticias

Fifth Third Bancorp,Comerica Inc,Huntington Bancshares

What's key for investors this earnings season is the impact elevated interest rates may have on regional banks' net interest income.

Investors will parse through regional bank results this week to deliberate how to trade a sector that has been weighed down by the prospect of higher-for-longer interest rates. Regional bank stocks have slid in anticipation of their results this week, with the SPDR S & P Regional Banking ETF sliding by more than 7% this month. A slew of results are on deck this week, such as from U.S. Bancorp and KeyCorp , among others.

"For banks, I think it's pretty important to be company specific," Yokum said. "I would really only pick the ones that you know, I feel like are strong from multiple categories." Here's what Wall Street analysts expect from regional banks this season. U.S. Bancorp U.S. Bancorp , which is set to report earnings on Wednesday, is rated as buy by a majority of analysts covering the stock, according to LSEG data.

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 12. in AR

Argentina Últimas Noticias, Argentina Titulares