Bank Stocks Fall Amid Dour Results From Regionals

  • 📰 NEWSMAX
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 71%

مصر أخبار أخبار

مصر أحدث الأخبار,مصر عناوين

Shares of U.S. banks dropped Friday, dragged down by underwhelming results from several regional lenders reporting rising costs of retaining depositors amid rising interest rates.

The S&P 500 Banks index was down 2%, with regional banks including, Regions Financial, Comerica Inc, and Fifth Third Bancorp, among the biggest losers.

RF posted Q3 earnings of 49 cents/shr, missing analysts' estimate of 58 cents a share, according toLSEG data. RF predicted net income interest in the fourth quarter to decline roughly 5% sequentially, as it paid more to retain deposits.CMA shares were down about 6% after it reported third-quarter earnings of $1.84 per share, compared to analysts' estimates of a $1.69 per share.

CMA said it expects NII to decline in the current quarter owing to soaring deposit retention costs. FITB also anticipates lower NII due to rising deposit costs.

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 16. in EG
 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Hong Kong stocks fall for second session as Nikkei 225 dropsSupported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch Automation brings you the latest, most pertinent content at record speed and with unparalleled accuracy.
مصدر: MarketWatch - 🏆 3. / 97 اقرأ أكثر »

BYD, XPeng, NIO Stocks Fall After Tesla's Earnings MissCEO Elon Musk complains about everything from interest rates to growth. Other electric-vehicle companies are working in the same environment.
مصدر: MarketWatch - 🏆 3. / 97 اقرأ أكثر »

U.S. stocks fall for 4th straight day as recent rise in Treasury yields pressures global marketsJoseph Adinolfi is a markets reporter at MarketWatch.
مصدر: MarketWatch - 🏆 3. / 97 اقرأ أكثر »

Dow's 168-point fall led by losses for American Express, Salesforce stocksSupported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch Automation brings you the latest, most pertinent content at record speed and with unparalleled accuracy.
مصدر: MarketWatch - 🏆 3. / 97 اقرأ أكثر »

Hong Kong stocks decline for third day as Japanese stocks dropSupported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch Automation brings you the latest, most pertinent content at record speed and with unparalleled accuracy.
مصدر: MarketWatch - 🏆 3. / 97 اقرأ أكثر »