From Financial Modeling Prep: 2025-04-01 06:13:00

U.S. banks face economic uncertainty due to tariffs and softening confidence, but could see improved earnings if economy remains stable. HSBC lowers earnings forecasts for 2025 and 2026 by 2% to 5% due to weaker consumer spending and higher input costs from tariffs. Bank shares have slipped, but earnings momentum is expected to hold. HSBC upgrades PNC Financial Services to “buy” but remains cautious on larger Wall Street names like Morgan Stanley and Goldman Sachs. Detailed data on profitability and efficiency of U.S. banks available through Key Metrics (TTM) endpoint.



Read more at Financial Modeling Prep:: U.S. Banks Face Uncertainty, Yet Earnings Momentum Could Persist