Banks Set To Post Weak Q3 Revenues

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Deutsche anticipates banks to post weaker third-quarter revenues in several categories including loans, securities and mortgage production. In their recent ‘Bank Cheat Sheets’, Matt O’Connor, Robert Placet and David Ho of Deutsche Bank AG (NYSE:DB) (ETR:DBK) feel Net Interest Margins too are likely to remain under pressure  for several banks. Increasing Interest Impacts Securities Deutsche analysts observe large banks’ securities are down by 2.9 percent quarter-on-quarter un-annualized on average. The analysts point out that these declines reflect banks trimming their exposure to long dated assets, though many of the banks claim they are well-positioned to handle rising interest rates. Matt O’Connor…

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports