WGA Releases Q1 US Banking Industry Outlook

Whalen Global Advisors LLC announced the release of the Q1 2024 edition of The IRA Bank Book, revealing significant trends in the US banking industry's credit and financial performance. The report, showcasing an in-depth analysis of Q4 2023 data, highlights the volatility in credit as a primary concern for the year ahead. Notably, it reports that gross charge-offs on total real estate loans have doubled between Q3 and Q4 2023.

The document further examines the alleviation of market risk factors following an interest rate rally and the potential impact on mortgages and short-term interest rates. It spotlights Treasury Secretary Janet Yellen’s continued sale of government debt as a factor possibly influencing the long-term yield curve. Additionally, the report presents data on delinquency and nett losses in bank-owned auto and credit card loans, pointing out a significant upsurge in credit losses as indicated by the FDIC's bank industry data.

The information is directed towards subscribers of the Premium Service of The Institutional Risk Analyst and is also purchasable in The IRA online store, providing valuable insights for industry professionals and stakeholders interested in the banking sector's outlook.