Regional Banks’ Profitability Problem
As earnings season unfolds, many market participants are watching regional banks closely for signs of stress. Although the public and private sectors worked together to stem the crisis earlier this year, many of the underlying conditions that contributed to it still exist. As a result, fears are growing that more weakness is ahead for the industry. 😨
Regions Financial, Berkshire Hills Bancorp, and Huntington Bancshares had similar things to say when reporting results today. But we’ll focus on Regions because it fell the most.