Big Banks Face Test as Earnings Season Begins
THE SO WHAT
AI-financed capex, higher-for-longer rates, and softer deal flow are colliding in bank earnings — credit quality looks fine, but the mix of NIM, fee income, and AI-linked risk is shifting. If you’re an enterprise borrower, expect more scrutiny on AI projects’ cash flows and tighter structuring around data-center and infra exposure.
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