US Banking Industry Trends and IT Strategy Impacts: Quarterly Report (Q1)
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US banks’ financial performance remains under pressure. While losses continue to decline and profits slowly improve, the revenue drought continues. Looking ahead, the outlook is not promising, with many revenue headwinds on the horizon.
This first report of a quarterly series presents a summary of Novantas financial analysis as a context for the strategic decisions of bank CIOs and IT executives.
The report summarizes the steps that banks will take to improve their profitability and competitive capabilities in the marketplace, followed by Novarica’s discussion of the impact of each of these strategies on IT.
Current US Banking Industry Trendy…2
Strategic Reaction and IT Impacts…3