As US banks earnings season for Q1 2023 kicks off on Friday April 14, we look at trends in banks’ balance sheets. In light of the recent bank crisis, we... read more →
In an earlier post we looked at the DFAST 2023 scenarios and their expected impact on loss forecasts compared to last year's scenarios. How does the DFAST 2023 severely adverse... read more →
The Q2 data releases for GDP and Consumer Spending (personal consumer expenditures) within the last couple of days validated two of our recent predictions regarding Residential Investment and Consumer Spending.... read more →
The four figures below are indicating that the U.S. economy might already be in recession! The top two figures are showing rising consensus for a recession in the next 12... read more →
The 2022 DFAST stress test results were released by the Federal Reserve Board (FRB) on June 23. In this article we first provide a summary of the results including a... read more →
Several large U.S. banks have been reporting 1Q2022 earnings in the last two weeks. What are some of the key themes from these reports, and what could they imply for... read more →
Many US banks have posted higher-than-expected noninterest expense growth in their 4Q21 earnings due to inflationary pressures from wages. For example, Goldman Sachs Group Inc. shelled out an additional $4.4... read more →
The largest US banks reported very positive second quarter earnings last week despite generally lower net interest margin and negative loan growth. The positive earnings were mainly due to a... read more →