Wall Street bank earnings under pressure after crisis

Most 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. | Reuters

The bank is expected to report a 30- percent rise in EPS, buoyed by an almost 36- percent increase in net interest income, according the Refinitiv I/B/E/S estimates and Reuters calculations.

He said bank managements will become more defensive, implementing liquidity measures that could lead to downward revisions for net interest income. Goldman’s earnings per share could fall by a fifth, hurt by investment banking woes, after a bigger-than-expected 69 percent drop in fourth-quarter profit, hurt by wealth management revenue and consumer business losses.The S&P 500 bank index is down 14 percent year-to-date.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

inquirerdotnet /  🏆 3. in PH

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The fiddler of Padre Zamora Street | Nick TayagThe street in Angeles, Pampanga where I grew up holds many good memories. Foremost were the times when the moonlit night would occasionally be filled with the gentle sound of a string instrument lilting in the air. It stood out from the usual din in our neighborhood. It drifted from…
Read more »

Guatemala Holy Week unfolds under new UNESCO heritage statusANTIGUA, Guatemala -- Thousands of Guatemalan worshippers wearing black hoods and purple tunics funnel slowly through the streets of Antigua carrying images of Jesus over a multicolored carpet of flowers and scented sawdust as somber music rings out.
Read more »

Philippines records 274 new COVID-19 casesThe Philippines registered 274 new COVID-19 cases on Saturday, while the active tally rose to 9,603.
Read more »

Zelensky shares Iftar with Muslim soldiers in 'new tradition of respect'Ukrainian President Volodymyr Zelensky shared Iftar with Ukrainian Muslim soldiers observing Ramadan on Friday, in what he said would become an annual 'new tradition of respect.'
Read more »

Runaway black hole creating trail of new stars—scientistsThe supermassive monster—likely born of a bizarre game of intergalactic billiards—is rampaging through the blackness and plowing into gas clouds in its path. 💫 | via philstarlife
Read more »

[OPINION] Mom in the mirror: A reflection on my new mom bod'I know this body has survived more than 24 hours of labor and a normal delivery, but all I see now is the damage in the aftermath.' Voices
Read more »