Despite encountering several challenges earlier this year, there are indications that the banking sector is stabilizing, with declining deposit outflows. In the Federal Reserve’s annual stress test, all major U.S. banks, including Citigroup Inc. (C), weathered a severe recession scenario. This is a sign that the nation’s banking system is resilient.
Investors would be keenly watching how well banks grappled with the deposit outflows due to the bank failures in their soon-to-be-released results.
