Themes we expect to see as banks release Q4 earnings this week
What's coming: Major US banks are preparing to release their Q4 2022 earnings later this week and early next week. With the dour economic outlook persisting, we don't expect much to change from Q3. Here's a look at the themes we'll see in the forthcoming results.
Theme 1: Profit declines will prevail.
Most banks faced a double-digit profit decline in Q3, and Q4 isn't likely to be different. Banking heads are talking more loudly about a coming recession, and they're preparing to combat failing loans as consumers struggle to keep their heads above water.
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