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Revenue Stay Soft For U.S. Large Banks And Trust Banks, Article Says Feb 12 Product Image

Revenue Stay Soft For U.S. Large Banks And Trust Banks, Article Says Feb 12

  • Published: February 2012
  • Standard & Poors

FEATURED COMPANIES

  • Bank of America Corp.
  • Citigroup Inc.
  • JPMorgan Chase & Co.
  • Morgan Stanley
  • Northern Trust Corp.
  • State Street Corp.
  • MORE

Abstract
NEW YORK (Standard & Poor's) Feb. 14, 2012--Despite further signs of recovery in the U.S. economy, large banks and trust banks' revenue remain soft, said an article published today by Standard & Poor's, titled "Revenues Stay Soft For Large Banks And Trust Banks In The U.S." "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," said Standard & Poor's credit analyst Matthew Albrecht. "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...

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.

Action: General Comment

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- 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.

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