Investment banking powerhouses such as Goldman Sachs Group and Morgan Stanley are likely to be affected by sluggish deals and capital markets activity. Some analysts are also predicting a slowdown in trading revenue.
“There will still be incremental increases in provisions coming in this year,” particularly for commercial real estate and potentially consumer credit cards, she said.
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Wall Street bank earnings under pressure after crisisMost Wall Street banks are likely to report lower quarterly earnings and face a dour outlook for the rest of the year, with last month's regional banking crisis and a slowing economy expected to hurt profitability. 完璧 And the bigger they are, the harder they fall, Bring it. Manufactured crisis.
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