Tom Michaud, CEO of KBW, states that banks remain under pressure as long as interest rates do not stabilize ahead of the Q3 bank earnings season. This situation could impact the performance of the US banking sector. KBW analysts are closely monitoring interest rate movements as a key determining factor for financial institutions. The Q3 earnings season appears particularly challenging for banks.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
