U.S. bank earnings preview: What to watch [Video]

We’re about a week away from the kickoff to another US bank earnings season. How is the sector faring in this environment? Joining us now to discuss, Stephen Biggar, Director of Financial Institutions Research at Argus Research. Stephen, great to have you back on the show. Let’s talk banks. Let’s talk about how the sector is doing.

Yeah. Hi, Greg. Good to be back. So, well, we’re a bit better of a start in 2024 than we were in 2023, that’s for sure. The 500 was up 24% last year. Financials were only up 10%. And those regional banks just had a really tough year, down 26%.

There was just a host of problems. last March, of course, we had the Silicon Valley Bank failure. We had a lot of concerns about just deposit outflows. We had some questions about regulation throughout the year, and then, of course, we had …