S&P Says Credit, Funding Costs Weigh On Us Regional Banks' Q3 Earnings
Portfolio Pulse from Benzinga Newsdesk
S&P Global Ratings has reported that credit and funding costs are impacting the Q3 earnings of US regional banks. The report suggests that these factors could lead to a decrease in profitability for these banks.
October 24, 2023 | 3:26 pm
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NEGATIVE IMPACT
BANC may see a decrease in profitability due to increased credit and funding costs.
As a regional bank, BANC is directly impacted by the increased credit and funding costs reported by S&P. This could lead to decreased profitability in Q3.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
CFG's Q3 earnings may be negatively impacted by increased credit and funding costs.
CFG, as a regional bank, is likely to be affected by the increased credit and funding costs reported by S&P. This could lead to a decrease in Q3 profitability.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
KBE, an ETF that tracks regional banking sector, may be negatively impacted due to increased credit and funding costs.
KBE, an ETF that tracks the regional banking sector, is likely to be negatively impacted by the increased credit and funding costs reported by S&P. This could lead to a decrease in the ETF's value.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
KRE, an ETF that tracks regional banking sector, may be negatively impacted due to increased credit and funding costs.
KRE, an ETF that tracks the regional banking sector, is likely to be negatively impacted by the increased credit and funding costs reported by S&P. This could lead to a decrease in the ETF's value.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
PACW may see a decrease in profitability due to increased credit and funding costs.
As a regional bank, PACW is directly impacted by the increased credit and funding costs reported by S&P. This could lead to decreased profitability in Q3.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
WAL's Q3 earnings may be negatively impacted by increased credit and funding costs.
WAL, as a regional bank, is likely to be affected by the increased credit and funding costs reported by S&P. This could lead to a decrease in Q3 profitability.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
XLF, an ETF that tracks the financial sector, may be negatively impacted due to increased credit and funding costs.
XLF, an ETF that tracks the financial sector, is likely to be negatively impacted by the increased credit and funding costs reported by S&P. This could lead to a decrease in the ETF's value.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
ZION may see a decrease in profitability due to increased credit and funding costs.
As a regional bank, ZION is directly impacted by the increased credit and funding costs reported by S&P. This could lead to decreased profitability in Q3.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80