US Banks Brace for Earnings Season Amid Rising Interest Rates

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Scott Krisiloff, a finance expert who recently appeared on Yahoo Finance Live, highlighted the importance of closely monitoring interest-rate sensitive sectors. This comes amid rising long-term interest rates and their potential impact on these sectors and the mortgage industry. Despite the concerns, Krisiloff assuaged fears of an ongoing financial crisis, particularly those arising from long-duration asset securities portfolios within banking institutions.

In addition to the banking sector, PepsiCo (NASDAQ:PEP) is scheduled to report its quarterly results on Wednesday. The company is expected to outperform expectations despite the current high inflation environment. However, PepsiCo’s stock has experienced a 14% drop from its yearly peak due to consumers shifting towards more cost-effective brands and concerns over the company’s high debt-to-cash flow ratio.

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