Bank earnings this week, including reports from Bank of America (BAC), Goldman Sachs (GS) and especially smaller regional banks, will give investors a better indication and more definitive signs on whether the recent banking crisis is over. Better-than-expected results in the past week from bellwethers like JPMorgan Chase (JPM), Wells Fargo (WFC), and Citigroup (C) calmed the market to a large extent, but there is still reason for caution.
Yahoo Finance spoke to several banking experts who gave their assessment on the current environment. American Banker’s John Heltman says it’s too early to call the crisis over before we see quarterly results from more mid-size regional banks. Quant Insight Head of Analytics Huw Roberts says he feels the crisis is largely contained and credits the Fed for restoring order. ‘I think you have to give credit to the Fed and other authorities for the speed at which they moved,’ he said.
Key video moments:
00:00:13 banking crisis 'feels contained'
00:00:40 why deposits are 'leaving the system'
00:00:55 moving from crisis to stabilization phase
