What to expect from bank earnings as high interest rates pressure smaller players
Publishing timestamp: 2024-04-11 13:35:03
Summary
Expectations for fewer interest rate cuts this year will benefit big banks but squeeze smaller ones. Large banks are expected to fare better due to their scale, diverse revenue streams, and lower exposure to commercial real estate. Concerns over commercial real estate loans and potential credit issues may impact smaller banks more negatively.
Sentiment: MIXED
Tickers: BAC, NYCB, GS, JPM, VLY, MS,
Keywords: breaking news: investing, valley national bancorp, morgan stanley, bank of america corp, breaking news: markets, investment strategy, business news, new york community bancorp inc, jpmorgan drn, banks, goldman sachs group inc,
Source: https://www.cnbc.com/2024/04/11/bank-earnings-high-interest-rates-set-to-pressure-small-players.html