1W
...
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe.
US equities were relatively stable Tuesday as investors enjoyed a break from back-to-back tariff headlines and digested a batch of positive bank earnings.
Goldman Sachs, Citibank and Bank of America reported this week. A couple data points of note:
Banks don’t seem worried about potential loan and lease losses
In some cases, they’re actually holding less — like Goldman Sachs, which set aside $287 million in credit loss provisions during Q1, compared to $351 million in Q4 2024. The Bank of New York Mellon also decreased its provisions from $20 million in Q4 to $18 million…
Read more on Blockworks