Fundamental, Research

Large U.S. Banks: Second Quarter 2023 Earnings Preview

Kenneth Leon, Director of Equity Research
06 July 2023

Summary

Large U.S. banks may see mixed second quarter revenue comps, with JPM and WFC exceeding revenue Y/Y, while BAC, C, GS, and MS are expected to be flat to down Y/Y. Investors are weighing unrealized losses on assets held to maturity and return of capital with varied dividend increases declared after the June 2023 Federal Reserve stress test results.


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