As JPMorgan, Citi Kickstart Big Bank Earnings This Week, Analyst Sees Silver Lining In Cloud: 'May Not Take Much For Banks To Produce An Upside Surprise'
Portfolio Pulse from Shanthi Rexaline
Major banks including JPMorgan Chase & Co. and Citigroup, Inc. are set to release their quarterly results this week. Analysts will be focusing on the impact of the 76 basis points increase in the 10-year Treasury yield during the third quarter and the stability of deposits. FactSet analyst Sean Ryan anticipates a slowdown in the flow of demand deposits into money market accounts and CDs, which could increase deposit costs and pressure net interest margins. He also expects weak mortgage volume, strong credit card spending, growth in investment banking, and depressed advisory fees. The Invesco KBW Bank ETF, which tracks the KBW Nasdaq Bank Index's performance, rose 0.58% to $39.81.
October 11, 2023 | 10:28 am
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NEUTRAL IMPACT
Citigroup, Inc. is set to release its quarterly results this week. The bank's performance could be impacted by the increase in the 10-year Treasury yield and the stability of deposits.
The bank's earnings could be influenced by the increase in the 10-year Treasury yield and the stability of deposits. However, it's uncertain how these factors will affect the bank's performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
JPMorgan Chase & Co. is set to release its quarterly results this week. The bank's performance could be impacted by the increase in the 10-year Treasury yield and the stability of deposits.
The bank's earnings could be influenced by the increase in the 10-year Treasury yield and the stability of deposits. However, it's uncertain how these factors will affect the bank's performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
The Invesco KBW Bank ETF, which tracks the KBW Nasdaq Bank Index's performance, rose 0.58% to $39.81. The ETF's performance could be influenced by the earnings reports of the major banks.
The ETF's performance could be influenced by the earnings reports of the major banks. However, it's uncertain how these reports will affect the ETF's performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70