Bank industry

Article Abstract:

Profits were healthy for most banks in the 1st qtr of 1997 due to aggressive stock repurchase and expense reduction programs. However, bank revenues may not expand as rapidly in the future with net interest income restrained from competitive pressures on loan spreads and slowing loan growth. Bank earnings are expected to rise in 1997 and 1998, but these stocks will be volatile with their high price/earings ratios and the US interest rate environment.

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Bank industry

Article Abstract:

Bank earnings and stock prices have been high in 1997 with good profits from bank loans and other assets, along with low levels of loan charge-offs. The pace for bank earnings is expected to be slower in 1998 and later, however, with slower economic growth, concerns over growing credit card losses and technology expenses. Bank stock valuations have become rich in the 3rd qtr of 1997 and investors need to focus on selective stocks with good niches.

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