Rates, Consumer Loans may Hurt Bank Profits

Published on:
12 September 2006 at 10:21 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00012648-rates-consumer-loans-may-hurt-bank-profit/

U.S. banks will probably post higher profits for the first quarter later this week, but “interest-rate pressures and slowing consumer loan growth” may weigh on banks’ profits for the remainder of the year, according to a story published by Reuters on Friday.

Analysts are expecting consumer loan growth to slow significantly or not at all. Also, banks are now dealing with expensing stock options as a part of their accounting procedures.

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