Banks Set To Post Weak Q3 Revenues

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…