US Banks

US Banks

Earnings Season seems to be, at this juncture, somewhat disappointing for US banks. Low volatility seems to be the reason, so we are told, for poor trading numbers, in FI as well as equities. 

We seem to live in times where robo advisers could be the way forward as traders are too noisy by nature. Quant models and passive investing are all the rage. Traders and analysts will make way for machines, programmers, and data scientists.

There was better news from consumer and investment banking though to offset the dire trading performance.

And yes, that Tax Reform may unleash corporate activity and enhance distribution to shareholders plus buybacks.

Earnings progression for this year will have to catch up with valuations.