Analysts are expecting a mixed bag of conflicting trends from banks. Higher rates will help lenders earn more interest income, but some of that boost will be offset by larger provisions for expected loan losses as the economy slows.
Wall Street won't likely come to the rescue. Investment banking revenue is expected to plunge 50% in the wake of frozen IPO markets and subdued deals, Barclays analyst Jason Goldberg said in a Jan. 11 note. That will be partly offset by a 10% rise in trading revenue, thanks to a boost from fixed income operations, he wrote.
I lost 6% Last year ,... so I got U.
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Don't buy stocks yet but watch for the Fed to pause hikes soon: JPMorganDon't snap up stocks just yet – but stay alert as the Fed could soon spark a rally by wrapping up its rate-hiking campaign, a JPMorgan strategist says
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