Tom Michaud, President and CEO of KBW, and Peter Torrente, National Sector Leader of Banking & Capital Markets at KPMG discuss the 3Q earnings outlook and strategic trends in the market. They cover the three major inflection points ahead for the banking industry: the first is loan growth. The second is what’s happening with net interest income in the margin. And the third is around what the industry is going to do with the excess cash in the quarter. They also discussed the outlook for bank valuations, the corporate tax rate, bank consolidation, and much more.
