Goldman Sachs Americas Banks: Key Investor Topics in Regional Banks and Consumer Finance
Summaries are public. PDF access requires an active membership; all members have the same access. Sign in
Goldman Sachs' Americas banks note lays out core investor topics for regional banks and consumer finance through a focused set of exhibits. On the consumer side, used car prices showed continued year-over-year improvement in the August update. On company fundamentals, the report highlights that Truist Financial's (TFC) payments revenue growth is running ahead of peers. Another exhibit estimates 2027 EPS of roughly $1.83 if core trends persist, with potential upside from declining costs and credit provisions. For KeyCorp (KEY), despite net interest income looking slightly soft in the fourth quarter, Goldman believes the bank can still achieve its target of roughly 15%-plus ROTCE by the fourth quarter of 2027. Taken together, the exhibits frame the key debates investors are focused on across the space: the trajectory of consumer credit quality, fee-income differentiation among regional banks, and the path to profitability and return targets amid NII variability.
Key exhibits
Exhibit 1
Exhibit 2
Exhibit 3
Exhibit 4
