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| Brief Excerpt: | ...Net Income Up Modestly: Most of the largest 17 U.S. banks included in this report experienced modest bottom line expansion relative to 2Q16. The results reflected generally flat spread revenue and higher provisioning for loan losses offset by strength in mortgage results, capital markets activity and continued focus on controlling costs. We observe that bank earnings remain depressed from historical levels due to persistently low interest rates and the diminution of cost-cutting options. However, we do not expect earnings to materially improve over the near-term given sustained low rates, modest economic growth, political uncertainties and softness in key economies globally. Strong Debt Trading Boosts Capitals Markets: Following a good 2Q16, capital markets results for the five large global trading and universal banks, including BAC, C, GS, JPM, and MS, were once again strong in 3Q16, relatively flat to 2Q but increasing 20% from the year-ago quarter. The biggest driver of the improved... |
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| Report Type: | |
| Company(ies) | Wells Fargo & Company
, State Street Corporation
, SunTrust Banks, Inc.
, Keycorp
, Bank of New York Mellon Corp/The
, Bank of America Corporation
, Fifth Third Bancorp
, Morgan Stanley
, U.S. Bancorp
, Capital One Financial Corporation
, PNC Financial Services Group Inc.
, JP Morgan & Company Incorporated
, Citigroup Inc.
, TRUIST FINANCIAL CORP
, Regions Financial Corporation
, Citizens Financial Group, Inc
, Goldman Sachs & Co.LLC |
| Ticker(s) | BAC
, BBT
, BK
, C
, COF
, FITB
, KEY
, MS
, RF
, STI
, STT
, USB |
| Issuer | RBS Citizens Financial Group
, Inc. |
| Format: | | PDF |  |
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