Resumo do Relatório
Five questions for 3Q21; is a growth inflection coming?
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JPMorgan kicks off 3Q21 earnings season for US money center banks on Wednesday before market open. Citigroup, Bank of America, Wells Fargo, Morgan Stanley, and Goldman Sachs report on Thursday and Friday.
The quarterly results will begin to provide a window into how the undoing of extraordinary fiscal and monetary expansion will impact operational and financial outlooks. While policy measures have supported credit quality, net interest income and pre-provision profitability have been pressured by low interest rates and limited borrowing demand.
This report details our thoughts on five key questions industry observers should focus on during the results season. To us, the single most important measure is loan growth. While 3Q21 loan growth should be muted, we think reasons for optimism exist.
See our report and let us know if you have questions or comments.
Saul
