Biggest US banks face revenue pressure in new era of rate cuts

Quick Summary:

BIG bank investors parsing through the industry’s third-quarter results this week will face something they haven’t grappled with in nearly a half-decade: the impact of Federal Reserve rate cuts.

With the expectation of smaller capital hikes, banks may go on the offensive with share buybacks and dividends.“More color on excess capital distribution plans might come, although most banks likely wait until the Basel Endgame reproposal is released,” Morgan Stanley analyst Betsy Graseck said in a note.

The largest US lenders have benefited for years from rising interest rates, which helped the four biggest banks post record net interest income last year.

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Article Details

Author / Journalist: BusinessMirror

Category: BusinessStartups

Markets: Philippines

Topics: Interest Investors Jpmorgan Analysts Bank Year Percent Last Billion Rate Banks

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-09 @ 14:05:23 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 842 words

Reading Time: 5 minutes read

Sentences: 26 lines

Sentence Length: 33 words per sentence (average)

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Copyright Owner: © Business Mirror

News ID: 22969571

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