(THREAD) U.S. #banks reported earnings, highlighting how #COVID19 impacts their outlook:
1.) @GoldmanSachs on #lending: "We will be cautious in terms of credit extension & growing that book. & we'll return to grow that book once this circumstance and market volatility passes."
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@MorganStanley on#deposits: "We did see a surge in deposits in March, almost $30B in the month of March alone. And the balances are up $45B for the quarter. That was generally a result of people shifting out of#equities and going into#cash in the#wealthsystem"Show this thread -
@Citi on#dividends: "To be clear, in our capacity here and the way we're looking at things, we remain committed to paying our dividend."Show this thread -
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@AlphaSenseInc's full article "Big Bank Earnings: Trends in Executive Commentary" here: https://www.alpha-sense.com/insights/big-bank-earnings …pic.twitter.com/GxrT4HV54a
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