Quarterly earnings for Wall Street banks under pressure after crisis

📆 10-4-2023 16:04:00
📰 globeandmail

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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.

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