BAC - Even As IPO Market Strengthens Weak Trading Could Hurt Profits For Some Banks
After getting clipped in Q1 by the government shutdown, initial public offerings ((IPOS)) bounced back impressively over the last three months. This could end up working its way into Q2 results for several large U.S. banks that report earnings later this week, though analysts still anticipate year-over-year earnings declines for some.
Falling mortgage rates might also have been a tailwind for some banks in Q2. In addition, solid consumer confidence in the U.S. might have boosted banks with large retail and credit card businesses. Slow trading volume, however, is among the potential weights on bank