Bank Earnings Start Off With a Thud, Expect Things Will Get Worse

We can’t shake off the horrors of 2022 just yet; the season for announcing the earnings for the fourth quarter of last year is about to begin. As these are also full-year results, they tend to be the most tightly audited, and CEOs themselves are more likely to appear on earnings calls. This will be their opportunity to own up to the full extent of 2022’s damage and — more importantly — reveal what they’re bracing for this year.