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Bank Earnings:Historical Results/2023 Q1: Difference between revisions
Bank Earnings:Historical Results/2023 Q1 (view source)
Revision as of 14:03, 19 April 2023
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Despite being large banks, they were not immune to recent banking turmoil as their deposits fell by an average of 4% year-on-year during the quarter. However, credit tightening was not observed during the period as loans grew by an average of 5%. However, the bank heads did not brush off the possibility of credit tightening in the near future. | Despite being large banks, they were not immune to recent banking turmoil as their deposits fell by an average of 4% year-on-year during the quarter. However, credit tightening was not observed during the period as loans grew by an average of 5%. However, the bank heads did not brush off the possibility of credit tightening in the near future. | ||
Investment bank performed poorly during the quarter as deals dried up. Morgan Stanley, Citi Group and Goldman Sachs saw their investment banking revenue decline by an avarage of 25% year-on-year. | |||
== References == | == References == | ||