KBRA Releases Q3 2023 U.S. Bank Compendium And 2024 Outlook; Remains Confident That The Vast Majority Of Rated Names Will Perform Adequately In This Uncertain Economic Environment With Their Ratings Unchanged
Portfolio Pulse from Benzinga Newsdesk
KBRA released its Q3 2023 U.S. Bank Compendium and 2024 Outlook, indicating a Stable outlook for the U.S. banking industry. The report suggests that most banks with KBRA ratings will maintain their ratings in an uncertain economic environment. It covers earnings, NIM stabilization, funding costs, credit trends, and capital measures. WSFS Financial Corporation (NASDAQ:WSFS) is featured with an A-/Stable outlook. The Compendium includes various performance metrics and a quarterly ESG bulletin.
November 20, 2023 | 3:09 pm
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POSITIVE IMPACT
WSFS Financial Corporation is specifically mentioned with a positive KBRA Senior BHC Rating of A-/Stable Outlook in the Q3 2023 U.S. Bank Compendium.
The specific mention of WSFS Financial Corporation with a stable outlook by KBRA suggests confidence in the bank's performance, which could positively influence investor sentiment and potentially lead to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80