摩根士丹利：美国银行和消费者金融_3Q24 收益图表包_第 3 天

Investment Rating - The industry view for Large Cap Banks in North America is rated as Attractive [2] Core Insights - Large Cap Bank earnings for Q3 2024 have shown a strong performance, with every bank reporting high-quality EPS beats ranging from 6% to 36%, primarily driven by capital markets fees [1][2] - The report anticipates further upside as the capital markets recovery is still in its early stages, with expectations for large bank deposit growth to increase from 1% year-over-year to approximately 5%, aligning with nominal GDP growth [2] Summary by Sections Stock Performance & EPS Revisions - The report includes detailed stock performance and EPS revisions for various banks, highlighting significant beats and revisions across the board [3] 2024 Guidance by Bank - The guidance for 2024 has been updated, reflecting new estimates versus old ones, indicating a positive outlook for many banks [3] Deposit Rates Time Series - Analysis of deposit rates over time is provided, showing trends that may impact bank profitability [3] Deposit Growth - The report discusses expected trends in deposit growth, which are projected to align more closely with nominal GDP growth [2] Net Interest Margin - Insights into net interest margins are included, which are critical for understanding bank profitability [3] Net Charge-Off Ratios - The report examines net charge-off ratios, providing context for credit quality and risk management [3] Loan Growth - Loan growth trends are analyzed, indicating potential areas for expansion within the banking sector [3] TCE/TA (GAAP Capital) - The report includes metrics on tangible common equity to total assets, which are essential for assessing capital adequacy [3] AOCI Trends - Trends in accumulated other comprehensive income (AOCI) are discussed, relevant for understanding overall financial health [3] Banks' Funding Profile Changes - Changes in banks' funding profiles are analyzed, which can impact liquidity and risk management strategies [3] 3Q24 Beats/Misses + Estimate Revisions by Line Item - A detailed breakdown of beats and misses for Q3 2024 is provided, along with estimate revisions by line item [3] Credit Card Read-Across - The report includes insights into credit card performance and its implications for banks [3] Trust Bank Read-Across - Analysis of trust bank performance is provided, highlighting trends and potential impacts on the sector [3] Advisory Revenues Read-Across - The report discusses advisory revenues, which are crucial for investment banking performance [3] Trading and IB Comps - Comparisons of trading and investment banking performance metrics are included, providing a comprehensive view of the sector [3]