Whitney Says Banks Face ‘Tough’ Quarter, Housing Dip
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U.S. lenders face “tough” comparisons when they report second-quarter results and higher dividends aren’t likely because of increasing capital requirements, according to banking analyst Meredith Whitney.
Banks benefited from write-ups tied to fixed-income assets as consumer banking lagged in the first quarter, Whitney said today at the Bloomberg Markets Global Hedge Fund and Investor Summit in New York.