Mixed results demonstrate the upside and downside of diversification for the firm, but were consistent with our expectations.
The fact that customers are sticking with the company is encouraging, but the lack of effective growth shows the bank is still suffering from the sales scandal.
The central bank sees strength in the employment market and continued growth in household spending and business investment.
We agree with the Federal Reserve’s cautious approach given the state of the economy.
Promising developments brighten our outlook.
Rising interest rates and solid expense management helped the bank in the third quarter.
The bank’s third-quarter was a bit of a setback, but we think the firm can still revive revenue growth.