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| Brief Excerpt: | ...Net Income Dependent on Business Model: Results for the largest 17 U.S. banks included in this report were mixed during the quarter. Earnings for the Global Trading and Universal Banks (GTUB) were weak, impacted by a sizeable drop in capital markets activities and continuing legal fees, while the large regional banks and trust and processing banks did fairly well on a linked-quarter basis. The industry continues to contend with margin challenges given the low interest rate environment, and elevated regulatory and compliance-related charges. These challenges, combined with higher capital requirements, are contributing to downward pressure on returns on equity, with the a verage ROE now at roughly 9% for the 17 banks discussed in this report, trailing the presumed cost of equity of between 10% and 12% and well below pre- crisis levels of approximately 16% in 2005. Big Six Banks Mostly All Down: Core results for the top six U.S. banks included in the table below were mostly down on both a... |
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| Report Type: | |
| Company(ies) | Wells Fargo & Company
, State Street Corporation
, SunTrust Banks, Inc.
, Keycorp
, JPMorgan Chase & Co
, 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.
, Citigroup Inc.
, Northern Trust Corporation
, TRUIST FINANCIAL CORP
, Regions Financial Corporation
, Goldman Sachs & Co.LLC |
| Ticker(s) | BAC
, BBT
, BK
, C
, COF
, FITB
, JPM
, KEY
, MS
, NTRS
, PNC
, RF
, STI
, STT
, USB
, WFC |
| Issuer | |
| Format: | | PDF |  |
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