There might not be a lot to love in the banking sector these days, but analysts don’t think investors should completely stay away.
Read More And banks have already struggled this year. The sector is down by roughly 30%, leaving the group trading only slightly above tangible book value. Some names, such as Citigroup and Wells Fargo , are trading below. He expects that earnings per share for the big banks will fall 16.2% year over year. That would be a smaller decline than in the second quarter, when banks were aggressively building up their reserves for potential loan losses.
The bank has said it has several projects under way to improve its infrastructure, governance, and controls on risk.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: