2 quarters of negative net interest income growth, toppy fees, high op costs, poor credit metrics in consumer, and concerns on CRE exposures, may suggest mkt cap gains over past 3 yrs were overdone.
Boomeranged on Thu, 19 Oct 2023 03:50
We now see GS struggling further with recent results but also see average growth rate of net interest income at large US banks decelerating sharply to only 2.9% YoY in 3Q23, the figure was 36.5% in 1Q23.