11 min listen
Banks Are Trading As If A Recession Is Underway & Earnings Preview
FromSchwab Network
ratings:
Length:
6 minutes
Released:
Oct 12, 2022
Format:
Podcast episode
Description
"Third quarter 2022 EPS preview for banks: I am looking for a series of wide swings in major earnings components and I expect net interest income to be up mid-to-high-teens. Also, I am looking for regional banks EPS to be down 5% to 10% year-over-year and multinational banks to be down 20% to 25%. This has to do with a weaker economy and a weaker consumer as unemployment is likely to rise to the Federal Reserve aggressive stance," says Stephen Biggar.
Released:
Oct 12, 2022
Format:
Podcast episode
Titles in the series (100)
1-800-FLOWERS.com President & CEO Talks Earnings by Schwab Network