Bank Earnings on the Decline Post-Crisis.

Most Wall Street banks are expected to report lower quarterly earnings due to the recent regional banking crisis and a slowing economy. The six biggest US banks are expected to see a 10% decline in earnings per share from a year earlier. While access to cheap deposits boosted net interest income for larger banks, tighter financial conditions and a slowing economy mean banks face the prospect of tepid loan growth and souring credit, forcing them to add to provisions against potential losses. Additionally, profits are likely to be hit by another dry spell for deals and capital markets activity, and some analysts are predicting a slowdown in trading revenue as well.