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US Banks To Benefit From 'Higher For Longer' Interest Rates: Goldman Sachs Sees 'Modestly Attractive Entry Point' For Investors

Benzinga ·  Jul 2 04:33

The emerging scenario of sustained high interest rates could boost the profitability of U.S. banks.

That's according to Goldman Sachs analystRichard Ramsdenwho, in a Monday note, expressed cautious optimism for the second-quarter earnings season.

Among the first to report on July 12 areJPMorgan Chase & Co.(NYSE:JPM),Wells Fargo & Company(NYSE:WFC),Citigroup Inc.(NYSE:C), andBank Of New York Mellon Corp.(NYSE:BK).Goldman Sachs Inc.(NYSE:GS) andBank of America Corp.(NYSE:BAC) will follow with their reports on July 15 and 16, respectively.

Analyst's Optimism Ahead Of Banks' Q2 Earnings

"In the...

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