US Banks Brace for Worst Earnings Season in Years.
TL;DR
Big US banks are expected to report a deposit flight in their upcoming earnings as customers have been withdrawing their money due to low interest rates and the pandemic-induced economic uncertainty. This trend is likely to impact the financial results of these banks and reflect a shift in customer behavior towards alternative investment options.
- Big US banks expected to report deposit flight in upcoming earnings Financial Times
- Wall Street bank earnings under pressure after crisis Reuters
- These 7 tables show just how bad this 'crisis quarter' could be for earnings of the 20 largest banks MarketWatch
- Wall Street banks to reveal weak quarterly earnings, bleak outlook for 2023 New York Post
- Goldman Sachs warns of 'the worst earnings season in years' Yahoo Finance
- View Full Coverage on Google News
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