Quarterly earnings for Wall Street banks under pressure after crisis

Belgique Nouvelles Nouvelles

Quarterly earnings for Wall Street banks under pressure after crisis
Belgique Dernières Nouvelles,Belgique Actualités

Earnings per share for the six biggest U.S. banks are expected to be down about 10% from a year earlier, analyst estimates show

Trading income, a silver lining in the previous quarters, could suffer from lower equities trading in the first quarter versus a year earlier, partially offset by strength in fixed-income, currencies and commodities , analysts said.

As interest rates rise, banks make more money on borrowers’ interest payments than they pay out to depositors.

 

Belgique Dernières Nouvelles, Belgique Actualités

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