U.S. Banking Quarterly Comment — 4Q18 (4Q18 Ends Year on a Mixed Note) - Fitch Research

U.S. Banking Quarterly Comment — 4Q18 (4Q18 Ends Year on a Mixed Note)

U.S. Banking Quarterly Comment — 4Q18 (4Q18 Ends Year on a Mixed Note) - Fitch Research
U.S. Banking Quarterly Comment — 4Q18 (4Q18 Ends Year on a Mixed Note)
Published Mar 11, 2019
47 pages (32917 words) — Published Mar 11, 2019
Price US$ 999.00  |  Buy this Report Now

About This Report

  
Brief Excerpt:

...Mixed Bottom-Line Results: Bottom-line results for the 19 large U.S. banks included in this report were mixed on a quarter-over-quarter basis during 4Q18. As shown below, eight of the 19 banks reported returns on average assets (ROAs) lower than in the prior quarter. Tax reform affected 4Q17 results, thus year-over-year comparisons related to bottom-line performance are not as applicable this quarter. Fitch Ratings notes that bottom-line returns continue to be structurally higher overall due to lower effective tax rates for the industry. Conversely, quarter-over-quarter (QoQ) earnings declines primarily resulted from higher expenses related to technology and longer-term efficiency plans as well as modest loan loss allowance builds amid the ongoing, benign credit environment. JP Morgan Chase & Company (JPM) had one of the more notable reserve builds during the quarter, particularly in its commercial banking segment, where it had its highest provision since 1Q16 during the energy downturn....

  
Report Type:

Special Report

Company(ies)
Wells Fargo & Company , State Street Corporation , State Street Bank and Trust Company , SunTrust Banks, Inc. , Merrill Lynch & Co/USA , MORGAN GUARANTY TRUST CO OF NEW YORK ET AL , Keycorp , Huntington Bancshares Inc. , Wachovia Corporation , Bank of New York Mellon Corp/The , Bank of America Corporation , SunTrust Banks Inc , Wells Fargo Bank, National Association , BNY Mellon National Association , Associates First Capital Corporation , Bank of America NA , The Bank of New York Mellon , Wachovia Bank, N.A. , Merrill Lynch & Co., Canada Ltd. , The Goldman Sachs Group, Inc.
Ticker(s)
BAC , BBT , BHW , BK , C , CFG , COF , CpN , FITB , GS , GSBD , HBAN , KEY , MS , MTB , PNC , RF , STI , STT , USB
Issuer
ZAO Citibank
Format:
PDF Adobe Acrobat
Buy Now

JPMorgan Chase & Co. - Ratings Navigator – 2019/02/25 – US$ 500.00

KeyCorp - Ratings Navigator – 2019/02/25 – US$ 500.00

State Street Corporation - Ratings Navigator – 2019/02/25 – US$ 500.00

Wells Fargo & Company - Ratings Navigator – 2019/02/25 – US$ 500.00

SunTrust Banks Inc. – 2019/03/19 – US$ 300.00

Bank of New York Mellon Corporation – 2019/04/12 – US$ 550.00

Huntington Bancshares, Inc. – 2019/04/18 – US$ 550.00

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Cite this Report

  
MLA:
Fitch Research. "U.S. Banking Quarterly Comment — 4Q18 (4Q18 Ends Year on a Mixed Note)" Mar 11, 2019. Alacra Store. May 08, 2025. <http://www.alacrastore.com/fitch-credit-research/U-S-Banking-Quarterly-Comment-8212-4Q18-4Q18-Ends-Year-on-a-Mixed-Note-946864_report_frame>
  
APA:
Fitch Research. (). U.S. Banking Quarterly Comment — 4Q18 (4Q18 Ends Year on a Mixed Note) Mar 11, 2019. New York, NY: Alacra Store. Retrieved May 08, 2025 from <http://www.alacrastore.com/fitch-credit-research/U-S-Banking-Quarterly-Comment-8212-4Q18-4Q18-Ends-Year-on-a-Mixed-Note-946864_report_frame>
  
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