Industry Report Card: Revenues Stay Soft For Large Banks And Trust Banks In The U.S. Feb 12
Standard & Poors, February 2012
Abstract
Despite further signs of recovery in the U.S. economy, large banks continue to grapple with the effects of high unemployment, the weak housing market, the European sovereign debt crisis, and new global financial regulations. Their reported earnings in fourth-quarter 2011 were weak. Still, credit fundamentals continued to improve across loan categories for most large complex banks in fourth-quarter 2011. As a result, lower credit provisioning and higher cost controls allowed them to build capital while preparing for new regulations. Meanwhile, U.S. trust banks' profitability remained satisfactory, but low interest rates and subdued capital market activity continued to hamper their revenue growth. In 2012, we expect large banks and trust banks to continue to build capital. But the sluggish U.S. economic...
Companies mentioned in this report are:
- Bank of New York Mellon Corp.
- Bank of America Corp.
- Northern Trust Corp.
- Wells Fargo & Co.
- PNC Financial Services Group
- State Street Corp.
- U.S. Bancorp
- Morgan Stanley
- JPMorgan Chase & Co.
- Citigroup Inc.
- The Goldman Sachs Group Inc.
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
- Bank of New York Mellon Corp.
- Bank of America Corp.
- Northern Trust Corp.
- Wells Fargo & Co.
- PNC Financial Services Group
- State Street Corp.
- U.S. Bancorp
- Morgan Stanley
- JPMorgan Chase & Co.
- Citigroup Inc.
- The Goldman Sachs Group Inc.
Customers who bought this item also bought
All rights reserved. © Copyright 2013 Research and Markets WWW6
Terms and Conditions Privacy Policy Publishers Employment Opportunities Site Map Link to us Webmaster Affiliate Network
