By Robert Morgan Earnings season for the fourth quarter of 2019 kicks off with the big banks this week.
Their earnings are influenced by many factors – Federal Reserve policy, net interest margin compression and trading revenue, to name a few.
And if trade wars were the biggest story in finance in 2019, the Federal Reserve was a close second.
Let’s look at the pros and cons that should impact big bank Q4 earnings…
PRO: Organic Balance Sheet Growth
After repeated hawkish commentary throughout the fourth quarter of 2018 contributed to the largest S&P 500 correction since the 2008 financial crisis, Chairman Powell did an about-face (i.e., “dovish …read more
