How fewer expected rate cuts will affect bank’s outlooks – Morgan Stanley (NYSE:BAC)

How fewer expected rate cuts will affect bank’s outlooks – Morgan Stanley (NYSE:BAC)

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U.S. banks’ earnings season is just around the corner, and with market expectations for the number of interest-rate cuts cut in half since the start of 2024, certain lenders are expected to implement material revisions to their outlook for net interest income (“NII”) to reflect the new macroeconomic environment.

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