Bank of America Why earnings will fall for banks ?
@Optionspuppy:
**Title: Navigating Challenges: U.S. Banks Face Headwinds in Q4 Earnings Amidst Falling Interest Rates and Bad Debts 🌧️** **Introduction:** Hey there! In the world of falling bond yields, U.S. banks had a tiny bit of hope in the fourth quarter. But, guess what? It might not be enough to shield them from a whopping 21% drop in profits compared to 2022, according to our pals at FactSet. Why? Well, it's all about those pesky deposit costs and loans playing hard to get. **Challenges in Credit Quality and Revenue Streams:** 1. Brace yourself—credit card mishaps and bad loans might be on the rise, especially for our friends with lower credit scores. 2. Investment banking revenue is feeling a bit meh due to fewer mergers, acquisitions, and initial public offerings. **Expense Control Measures:**