Key themes from Q3 2013 earnings calls
The Q3 2013 earnings season provided clear evidence that banks worldwide continue to face numerous barriers to successfully achieving what US Bancorp CEO Richard Davis described as “consistent, predictable and repeatable results,” despite multi-year efforts to adjust their businesses and strategies.
Our analysis revealed three main findings (for more detailed information, see the chart):
- Challenges related to the operating environment remain stubbornly in place.
- Performance trends in Q3 2013 were mixed. With a few exceptions, they did not demonstrate the durability or sustainability of underlying businesses.
- The combination of heightened risk and pressures on performance led to pointed questions on the part of analysts, as they sought to understand industry prospects.
Q3 2013 earnings season: top 10 themes×
Note: Theme shaded in gold is new to the list this quarter; theme shaded in dark gray dropped out of the top 10.