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Summary
Banks continued to battle liquidity pressures in the third quarter, leading to further declines in net interest margins. However, the pace of margin compression slowed and the key profitability metric should soon hit a trough. Bank stock valuations remain depressed though, with investors eyeing the prospect of higher credit losses on the horizon as notably higher rates test the credit worthiness of borrowers. While banks have taken a defensive posture, institutions have also sought to combat revenue headwinds by looking to fintech partnerships and technology, including artificial intelligence, to improve efficiency and grow, but regulators are closely watching the adoption and have heavily scrutinized some banks due to compliance shortfalls.
Tune in to hear the latest from S&P Global Market Intelligence’s FIG research team. Nathan Stovall, Director of FIG Research, will review his proprietary outlook for commercial bank performance and Tom Mason, Senior Research Analyst covering U.S. Financial Technology, will discuss AI use cases for banks and fintech partnership trends.
Speaker
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S&P Global Market Intelligence
Tom Mason
S&P Global Market Intelligence
Principal Analyst
Tom Mason is a principal quantitative research analyst for S&P Global Market Intelligence focused on the financial services sector, an industry he has covered for over a decade. Part data scientist, part subject matter expert, he helps clients automate their workflows through A.I. and machine learning, and offers his data-driven research insights on the industry to clients and the press.
S&P Global Market Intelligence
Nathan Stovall
Head of FIG Research
Nathan Stovall, with 17 years' experience covering the banking sector, is a principal analyst for the FIG Research offering of S&P Global Market Intelligence. His primary responsibilities include covering and analyzing financial institutions, with a focus on the banking industry.
He is the author of the banking blog, Street Talk, and host of the podcast by the same name. His in-depth analysis of the banking industry, including a focus on community banks, can be found on SPGMI's Research & Analysis feature, which includes historical and forward-looking performance figures.
During his tenure, he has regularly covered and participated on the conference circuit, moderating panels and webinars focused on major issues facing banks. He has spoken as industry events as well, offering updates on bank fundamentals, market conditions and forecasts for what lies ahead. He has been quoted in a number of trade publications and the national press, including The Wall Street Journal, The New York Times, The Financial Times and has appeared on Fox Business News and NPR's Planet Money.
Nathan holds a Bachelor of Arts degrees from Washington & Lee University, where he majored in business journalism
Moderator
S&P Global Market Intelligence
Will Retzer
S&P Global Market Intelligence
Sr. Analyst, Business Development
Will Retzer is the US Commercial Banks Solutions lead on the S&P Global Market Intelligence Cross Product Market Development team.
He has nearly 20 years of experience within the firm as an analyst, advisor, ambassador, and educator with deep knowledge of the SNL Bank & Insurance datasets, CIQ & CIQ Pro, Sustainability, and Credit Risk Solutions. Will is also a Certified Public Accountant licensed in the state of Virginia.
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