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Graphic showing weak net interest income
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Graphic Thomson Reuters SmartEstmiates data
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Some banks will be particularly hard hit by weak trading inthe quarter, as the stock market sagged on Middle Easternpolitical upheaval, a Japanese earthquake and tsunami sent theyen to record highs and markets were broadly unpredictable.[ID:nN23254032]
But what many analysts are focusing on now is loan growthand data show the results may not be great. Bank loansoutstanding declined 0.9 percent in January and 6.8 percent inFebruary, according to a report from the Federal Reserve.
Commercial and industrial loans were on the rise, whichmany analysts see as a positive sign, but meanwhile a broadarray of consumer loans -- mortgages Cheap Jerseys , credit cards -- areposting declines Cheap Jerseys , so total bank credit outstanding areshrinking.
The first quarter, analysts said, is typically the weakestof the year for banks.
But the analysts with the best track records foresee aquarter that was tougher than usual for many banks, accordingto Thomson Reuters Starmine Smart Estimates. These "smartanalysts" believe other analysts are far too optimistic aboutsome banks Cheap Jerseys , and only a little too pessimistic about theothers.
The analysts that have historically been the most accuratebelieve that results for Citigroup Cheap Jerseys christian louboutin pump classic Senate Democratic Leader Harry Reid said Frida, Morgan Stanley (MS.N) andGoldman Sachs Group Inc (GS.N) will fall short of analysts'average estimates, according to Starmine Smart Estimates.
Starmine's analyst estimates, for example, indicates MorganStanley may miss estimates by as much as 22 percent.
The Starmine "smart analysts" are projecting that Bank ofAmerica Corp (BAC.N), JPMorgan Chase, and Wells Fargo & Co(WFC.N) will beat broader estimates by a fairly small margin.BofA is