Recent News
US Banks Set Net Income Record, More Steam Ahead?
The US Banking industry set an all-time high in net income, which was 21% higher than the previous record set in the second quarter of 2019. Two transitory factors were largely at play during the quarter: negative provisioning (loan loss reserves being released, providing an earnings tailwind) and a widening discrepancy between loans and deposits, which has subsequently pressured Net Interest Margin (NIM).
by Laura Fox
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by Laura Fox
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Reopening Stocks Outperform
Value stocks outperformed growth stocks in May, a trend which has persisted throughout 2021. Strong performance for value stocks is a reversal of last year’s trend when growth stocks, including technology shares, soared. A surge this year in business activity is driving up shares of more economically sensitive sectors such as manufacturing, energy and materials.
by Laura Fox 