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Summary
In 2023, turbulence within the banking sector caused stock market concerns and heightened scrutiny regarding dividend growth, driven by balance sheet challenges and speculation surrounding rate cuts.
Approximately 105 banks are expected to maintain stable dividend payouts this year. Despite these factors we expect a 5.6% growth in banking sector dividends for 2024, aggregating to $57.6 billion in the US market.
Join us as we delve into these factors and their implications further by discussing on:
- US market banks dividend dynamics in 2024
- Commercial real estate, deposit fight and unrealized loss issues impact on banking industry
- Will rate cut expectations can turn around the banks balance sheet by end of this year?
- M&A’s and its impact on dividends
- Credit ratings outlook for the sector in 2024 and beyond?
Moderator
Juan Pablo Albornoz
Dividend Research Analyst
Juan Pablo Albornoz is a Dividend Research Analyst at S&P Global Market Intelligence.
Speaker
S&P Global Market Intelligence
Nathan Stovall
Director, Financial Institutions Research
Brendan Browne
Senior Director & Sector Lead
Brendan Browne, CFA is a managing director on S&P’s North American Financial Institutions Ratings Team.
S&P Global Market Intelligence
Vedant Bagri, CFA
US Market Research Analyst
Vedant Bagri is a Dividend Research Analyst at S&P Global Market Intelligence
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