Updated April 13, 2023 4:47 pm ET<\/p>\n\n\n\n
The impact of Silicon Valley Bank\u2019s meltdown on bank profits seems to be limited, according to Wall Street analysts\u2014at least for the big banks. Analysts expect the four\u00a0banks slated to report first-quarter results Friday morning<\/a>\u2014JPMorgan<\/a>\u00a0Chase, Citigroup,\u00a0Wells Fargo<\/a>\u00a0and PNC\u2014to report an average of $9.37 per share in profit, according to FactSet. That is down 3.3% from the average on Feb. 28, before the regional bank deposit crisis took hold.<\/p>\n\n\n\n \u201cWhere they are with regard to deposit flow\u2014that information is going to be critical. We already know that loan growth is slowing so the commentary on those items and if they\u2019re tightening lending standards, we know it\u2019s happening, but the commentary on how much they\u2019re tightening lending standard is going to be key,\u201d said Dan Genter, chief executive of Genter Capital Management.<\/strong><\/p>\n\n\n\n Mr. Genter said he had reduced his bank stocks exposure at the end of 2022. He is also watching whether banks increase loan-loss reserves.<\/strong><\/p>\n\n\n\n Elsewhere in markets, gold prices hit their highest level of the year on Thursday<\/a>, driven by bets that inflation will remain sticky despite recent declines. The most-actively traded gold futures contract rose 1.5% to $2,055.30, closing in on 2020\u2019s record settlement of $2,069.40<\/p>\n\n\n\n The next catalyst for stock markets could be earnings season. PHOTO: VICTOR J. BLUE\/BLOOMBERG NEWS<\/p>\n\n\n\n Quoted from The Wall Street Journal: Investors parse mixed signals about the economy and the path for interest rates By Hardika Singh and Chelsey Dulaney Updated April 13, 2023 4:47 pm ET The impact of Silicon Valley Bank\u2019s meltdown on bank profits seems to be limited, according to Wall Street analysts\u2014at least for the big banks. Analysts …<\/p>\n![\"\"](\"https:\/\/gentercapitalmanagement.com\/wp-content\/uploads\/2023\/04\/im-762747-1-1024x682.jpg\")
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