List of major US banks Q4 earnings forecasts! What are the points worth paying attention to

As an important barometer of the real economy, the performance of the US banking industry draws widespread attention at the beginning of every financial results announcement season. What are some notable points in this performance?

According to the consensus of Bloomberg analysts, the four largest US banks - JPMorgan Chase, Bank of America, Wells Fargo, and Citigroup's bad loans (bad loans here are debts that have not been repaid for 90 days or more) are in the last 3 months of 2023It will increase to 24.4 billion dollarsIt is expected,An increase of nearly 6 billion dollars from the end of 2022. In the market, the fourth quarter results of the six megabanks, including Goldman Sachs and Morgan Stanley, were compared to the same period last yearProfit will decrease by an average of 13%It is expected.

Analysts expect bank earnings to shrink in the last three months of 2023 due to prolonged effects of unpaid debt and rising interest rates.

According to Barclays analyst Jason Goldberg, at the fourth quarter earnings briefing, banksI will point out that the drop in net interest income will bottom out this yearI'm predicting that it might be.

Matt Anderson, banking analyst at Trep Commercial Property Research Group, said, “The banking industry is greatly influenced by interest rate policies. However, investors are optimistic about the 2024 economy,” he said.