Big Banks Q4 Summary: Mortgage Revenue Weak, I-Banking StrongMani
Credit Suisse believes US large banks’ revenue could face challenges thanks to low rates, relatively sluggish loan growth and declining mortgage banking activity.
Credit Suisse Group AG (NYSE:CS) is optimistic about US large banks’ positioning and risk reduction though the optimism is tempered by challenging revenue outlook.
Moshe Orenbuch and Jill Glaser Shea of Credit Suisse Group AG (NYSE:CS) in their recent research report on US large banks point out that during the fourth quarter, the large banks’ revenues were relatively stable, though mixed trends were witnessed in their fee income.
Weak mortgage revenues
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