What to expect from bank earnings as high interest rates pressure smaller players

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., February 7, 2024.The benefits of scale will never be more obvious than when banks begin reporting quarterly results on Friday.Ever since the chaos of last year's regional banking crisis that consumed three institutions, larger banks have mostly fared better than smaller ones. That trend is set to continue, especially as expectations for the magnitude of Federal Reserve interest rates cuts have fallen sharply since the st ...