
The U.S. banking industry continues to face challenges such as higher deposit costs, the risk of a potential default on commercial real estate (CRE) loans, and rating downgrades by top rating agencies.
Given the challenges plaguing the U.S. banking sector, waiting for a better entry point in JPMorgan Chase & Co. (JPM) could be wise. However, given its fundamental weakness, U.S. Bancorp (USB) is best avoided now.