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Synovus announces earnings for the second quarter 2023

Synovus announces earnings for the second quarter 2023

Synovus announces earnings for the second quarter 2023
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Great American Bancorp : 2023 Q2 Earnings

Transcripts for MSNBC Way Too Early With Jonathan Lemire 20240604 09:36:00

for that let s bring in cnbc s arabile gumede live from london. arabile, stock futures are mixed this morning as investors await earnings reports. who are the big names reporting today? yes, so we ve actually got the banks reporting today, ali. so those will be really, really key. and i suppose the market is bit mixed and nervousness ahead of that training the like of citi bank, wells fargo, jp morgan chase expected to put out numbers. black rock as well expected to put out numbers. very important to note we re anticipating to get around an earnings drop off of around 6.4% revenue, perhaps a drop off as well, so not necessarily the best second quarter, but those banks would have done well to have taken in some proper net interest income because interest rates continue to go up, of course, so that revenue is certainly higher, but net loan losses will be the interesting one. have more consumers defaulted on their loans than before?

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