NEW YORK, April 17 (Reuters) - Top U.S. banks must make deeper cost cuts to drive earnings growth, with revenue expected to remain under pressure for the foreseeable future, analysts said.
Cost cutting was already a major driver of bank earnings for the first quarter. With the exception of JPMorgan Chase & Co , revenue fell at the biggest U.S. lenders as lower market volatility weighed on trading and recession fears dulled clients' appetite for borrowing.
Submitted April 17, 2019 at 01:06PM by coolcomfort123 http://bit.ly/2Gte15T
