U.S. Banks may Post Lackluster 4th-quarter Results

Published on:
12 September 2006 at 10:20 a.m. ET

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http://www.insidearm.com/news/00014324-us-banks-may-post-lackluster-4th-quarter-/

By Jonathan Stempel, Reuters

Many big U.S. banks may post lackluster fourth-quarter results, hurt by volatile interest rates, increased credit losses and a slowdown in mortgages, analysts said.

Larger banks, including those with big non-U.S. operations, may offset weakness elsewhere with strength in asset management, investment banking and trading. But competition intensified for deposits, and a surge in bankruptcy filings may hurt companies with big credit card operations.

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