The earnings season kicked off last week, with several prominent banks reporting their financial results. Investors will closely monitor the upcoming earnings reports of financial companies to gauge their performance in navigating the challenges posed by the high interest rate environment during the quarter.
M&T Bank Corporation (MTB) and Northern Trust Corporation (NTRS) are scheduled to report their fourth-quarter results on January 18. MTB is expected to report a year-over-year decline in revenue and earnings for the quarter. In contrast, NTRS’ revenue is expected to increase while its EPS is expected to decline over the prior-year quarter.
