U.S. bank's profits face headwinds

Analysts anticipate that the US banks profit results remained challenging through out the end of last year. Fifteen of the nineteen banks are expected to report a decrease in profit from the prior quarter. Mortgage lending has slowed sharply, legal and regulatory costs are climbing, pressure on loan margins remain high and provisions for bad loans are set to creep up after recent declines. However, banks continue to make progress on controlling expenses and improving capital, is critical driver in 2014.

Tarlochan Sidhu

Tarlochan Sidhu

REALTORĀ®
CENTURY 21 Coastal Realty Ltd.
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