Tariff Tensions Stall M&A, Cloud Economy

Those hoping earnings season would yield clarity into the economic situation may need to wait at least another quarter, according to S&P Global Market Intelligence. Big bank execs have been cautious with their economic outlooks so far while warning that generally solid first-quarter results don't reflect the full impact of President Trump's tariff policies. Most banks kept their guidance, but Wells trimmed its NII forecast, and JPMorgan added $1 billion in credit loss allowances.  

Another S&P article highlights PNC's earnings call, on which CEO Bill Demchak said the economic volatility has made M&A "impossible." 

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Rob Blackwell
Chief Content Officer and Head of External Affairs
IntraFi
Arlington, VA
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