Bank Of America BAC Shares

Banks have shaken off a crisis for now, but the troublesome economic outlook poses another threat.

Banks are finding it hard to recover from the fallout caused by the collapse of Silicon Valley Bank and Signature Bank last month.

Markets have been rocked by the biggest banking crisis since the 2008 financial crash.

Bank of America is expected to report its fourth consecutive quarter of lower earnings, but they are expected to start growing again in 2023.

US banks are set to underperform and report a sharp drop in earnings as provisions and charge-offs continue to grow amid the uncertain outlook.

Bank of America shares have slumped to fresh lows after JPMorgan and Morgan Stanley set a sour tone ahead of its upcoming results.

Bank of America will come up against tough comparatives in the first quarter.

Banks have booked strong gains this year. What comes next depends on Q3 earnings and whether lending is finally showing signs of picking up.