Banks Will Shine In 2025, Analyst Says, But Can They Dodge Loan Losses?
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HSBC Global Research analyst Saul Martinez revised ratings on several banks on incrementally positive stance on super regionals banks.
The analyst expects the banks in their coverage to show improved net interest income (NII), generate healthy recovery in adjusted EPS growth and operating leverage in 2025, and boost share buybacks in 2025 and beyond.
Notably, the analyst estimates a recovery in NII in H2 2024 and 2025 for most banks as deposit cost pressures ease and fixed-rate assets re-price at higher yields.
For the first-quarter earnings season, the analyst says that the focus will be on the banks’ outlooks for NII, credit losses and loan loss reserve levels, efficiency improvements, …
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