Nearly 40% of U.S. Banks Have Experienced Volatility in their Performance Over the Past Year
This news comes from a new comprehensive business designation study from The ROIG Group, a specialized consultancy firm. The ROIG Group examined 384 U.S.-based publicly traded banks using 2021 and 2022 year-over-year data, including net interest income and non-interest income, efficiency ratio, equity capital, the cost of equity capital, and market value amongst others. ROIG assessed both the historical and future implied performance of each bank in order to classify each bank into one of four designations/states based on the results-- Revive, Optimize, Incubate or Grow.
- However, the market believes profits across the all benchmark banks will decline (67%) from current levels.
- This news comes from a new comprehensive business designation study from The ROIG Group , a specialized consultancy firm.
- These banks are in the best position to evaluate acquisitions, explore product or service diversification, or pursue customer, channel, or market innovation choices.
- Revive banks need to focus on fixing what is broken - perhaps even focus on business model reinvention.