Q4 Outlook for U.S. Commercial Banks As Institutions Fight For Deposits
Date:
Wednesday, November 01, 2023
Location:
On-Demand
Duration:
60 minutes
Liquidity pressures persisted at U.S. banks in the second quarter as bond portfolios remained deeply underwater, while deposit costs increased notably in the period as banks sought to protect their core funding. Those efforts were largely successful, with deposit outflows slowing from earlier this year, but the defensive posture came with a cost in the form of lower net interest margins. Banks have also built their reserves for loan losses as they prepare for credit quality to slip from pristine levels. The defensive moves should continue over the next few quarters, serving as headwind to earnings.
During this webinar, Nathan Stovall, Director of FIG Research, will present his outlook for the banking industry over the next few years, share highlights from banks’ third-quarter earnings season and discuss how earnings pressures could change the competitive landscape. Sr. Analyst Zain Tariq will review highlights from the latest summary of deposits release and discuss how mergers and liquidity pressures have changed market share across the industry.
Nathan StovallDirector of FIG Research, S&P Global Market Intelligence
Nathan Stovall is the director of the financial institutions research team for S&P Global Market Intelligence, which is responsible for data-driven news and research focused on banks, insurers and fintechs. Full Bio
Nathan Stovall is the director of the financial institutions research team for S&P Global Market Intelligence, which is responsible for data-driven news and research focused on banks, insurers and fintechs. Nathan has nearly 20 years of experience covering the financial institutions sector, with a focus on U.S. banks. He publishes in-depth analysis on the drivers of bank strategy and profitability and forecasts for the U.S. bank sector. He is the author of the banking blog, Street Talk, and host of the podcast by the same name.
During his tenure, he has regularly covered and participated on the conference circuit as a speaker and moderator of panels and webinars focused on major issues facing banks. He has been quoted in a number of trade publications and the national press, including The Wall Street Journal, The New York Times, The Financial Times, The Economist and has appeared on CNBC, Fox Business News and NPR's Planet Money. Nathan holds a Bachelor of Arts degrees from Washington & Lee University, where he majored in business journalism. Minimize
S&P Global Contributor
Zain TariqSenior Analyst, Financial Institutions Research, S&P Global Market Intelligence
Zain Tariq is a senior analyst for the FIG Research offering of S&P Global Market Intelligence. He has covered the banking space for over eight years including regulatory changes, financial trends, branch footprints, M&A, and more. Full Bio
Zain Tariq is a senior analyst for the FIG Research offering of S&P Global Market Intelligence. He has covered the banking space for over eight years including regulatory changes, financial trends, branch footprints, M&A, and more. In addition to producing data-driven content analyzing historical trends, current environment, and outlook, Zain has hosted multiple webinars, spoken at events, and moderated discussions on various trends in the banking industry. Zain won a silver regional Azbee award in 2020 issued by the American Society of Business Publication for best investigative journalism. Prior to joining S&P, Zain collected experience as a finance officer and accountant for multiple organizations.
Zain completed his ACCA in 2018. In addition to the ACCA, he completed BSc (Hons) in Applied Accounting from Oxford Brookes University in 2011 and MSc in Finance from BPP Business School in 2013. Minimize
Moderator
S&P Global Contributor
Will RetzerUS Commercial Banks Market Development Lead, S&P Global Market Intelligence
Will Retzer is the US Commercial Banks Solutions lead on the S&P Global Market Intelligence Cross Product Market Development team. Full Bio
Will Retzer is the US Commercial Banks Solutions lead on the S&P Global Market Intelligence Cross Product Market Development team. He has nearly 20 years of experience within the firm as an analyst, advisor, ambassador, and educator with deep knowledge of the SNL Bank & Insurance datasets, CIQ & CIQ Pro, Sustainability, and Credit Risk Solutions. Will is also a Certified Public Accountant licensed in the state of Virginia. Minimize
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