Despite facing several challenges over the past few months, there are signs of the stabilization of the banking industry as deposit outflows are slowing down. Deutsche Bank analysts said in a client note, “Our baseline does not anticipate a further intensification of banking stresses.”
Investors would be keenly watching how well banks grappled with the deposit outflows due to the bank failures in their soon-to-be-released results. America’s largest bank by assets, JPMorgan Chase & Co. (JPM), is set to release its second-quarter earnings later this week.
