Bank Profits Will Be Reduced, Says RBC's Cassidy

The video discusses the challenges in financial modeling during volatile times, focusing on earnings issues rather than balance sheet problems. It explores the potential impact of a prolonged recession due to COVID-19 and the suspension of capital return programs by major banks. The discussion also highlights the difficulties analysts face in making economic projections amid unprecedented uncertainty.

What are the current challenges being faced in the financial sector?

How does the current volatility affect the profitability of banks?

What factors could lead to a balance sheet problem in the financial sector?

What impact do buybacks and dividends have on the financial sector during a downturn?

Why is it challenging for analysts to provide ratings on companies in the current environment?