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These charts show what has Moody’s worried about regional banks including U.S. Bank and Fifth Third - TL;DR CNBC

These charts show what has Moody’s worried about regional banks including U.S. Bank and Fifth Third

Publishing timestamp: 2023-08-10 09:59:39


Summary

The article discusses how banks have been forced to pay customers more for deposits at a pace that outstrips the growth in what they earn from loans. This has led to a decrease in net interest margin and profitability concerns for banks. Moody's has placed U.S. Bank under review for downgrade due to rising deposit costs and increased use of wholesale funding. The article also mentions that falling profit margins, lower capital levels, and concerns about commercial real estate defaults have led Moody's to reassess its ratings on banks. Overall, the article highlights the pressure and challenges that the banking industry is currently facing.


Sentiment: NEGATIVE

Tickers: FITBJPMMSUSB

Keywords: fifth third bancorpbreaking news: investingbreaking news: marketsjpmorgan chase & cobanksbusiness newsbreakingnewsglobalmorgan stanleyus bancorpinvestment strategy

Source: https://www.cnbc.com/2023/08/09/moodys-bank-downgrade-in-charts-us-bank-fifth-third-others-under-review-.html


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