Equity analysts expect banks to report improved 3Q results, driven by continued growth in pre-provision net revenue, net interest income, net interest margins, loans and deposits, S&P Global Market Intelligence reported. Credit quality remains stable, and fee income is holding up thanks to an easing of economic uncertainty and lower interest rates.
In a separate story, S&P notes credit card net loss rates ticked up at the five biggest US credit card issuers in August after four straight months of declines.
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