US Banks Predict Healthy Q1, But Repeat Of 1997 Unlikely
BANKS
NEW YORK--With the first wave of US commercial banks preparing to release their first quarter earnings results this week, analysts and market participants are quietly confident that FX earnings will be healthy, although perhaps not as strong as in the final quarter of last year.
"I expect most of the banks had a pretty good quarter," comments Keith Woodfin, a currency analyst at Foreign Exchange Analytics in Essex, Connecticut. "We had some pretty good volatility in dollar/yen, and in the mark
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