Steve Biggar: It Will Be Well Until 2Q Before Margin Erosion Levels Off
Steve Biggar says as expected, banks with the most capital market exposure are currently doing the best in their earnings. He says due to continued margin contraction and weak loan growth, it's now harder for predominant lending businesses. Biggar also notes it will be well until 2Q before margin erosion levels off.
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Steve Biggar: It Will Be Well Until 2Q Before Margin Erosion Levels Off
Steve Biggar says as expected, banks with the most capital market exposure are currently doing the best in their earnings. He says due to continued margin contraction and weak loan growth, it's now harder for predominant lending businesses. Biggar also notes it will be well until 2Q before margin erosion levels off.