Rate Decision Ripple Effects, Equities' Resiliency, and the Trading Day Ahead 6/15/2023
Morning Call
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The Regional Banking Sector Is Experiencing a Recovery Bounce
We're hoping for more commentary around a pause as opposed to this you know what sounds largely like a skip here at least into july. Most banks feel and ii and nim estimates from from the street are a little too high that deposit pressure has continued to increase in them over the past few weeks. If this is truly a skip that increases that dynamic and could put incremental pressure even on estimates for the sector into the back half of the year, says down piper sam.
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