Outlook brightens for bank stocks in H2

Outlook brightens for bank stocks in H2

As bank stocks continue to trade below their book value, the sector is seeing growing optimism for the second half of the year (H2).
Rosier prospects for bank tickers in H2

Rosier prospects for bank tickers in H2

The prospects of a credit rebound, easing bad debt threats, and better net interest margins should help banks to maintain profit growth this year.
Banks saw mixed 2023

Banks saw mixed 2023

Banks post mixed profit picture for 2023 amid economic vulnerabilities and modest credit growth.
Banks urged to reduce costs to cope with NIM drops

Banks urged to reduce costs to cope with NIM drops

To ensure net interest margin (NIM), banks are often choosing to raise output interest rates for borrowers but reduce the ability to fulfill debt obligations, while the central bank has also requested cuts in admin and expenses.