US Banking Sector Outlook

Apollo Chief Economist

Our updated banking sector chart book is available here.

Outlook for US Regional Banks
Table of contents
Bank stocks since the SVB collapse
Source: Bloomberg, Apollo Chief Economist
Unrealized Gains (Losses) on investment securities for banks, as of 2023Q2
Source: FDIC, Apollo Chief Economist
$870 billion in deposits have left banks since the Fed began to raise interest rates
Source: Federal Reserve Board, Haver Analytics, Apollo Chief Economist. Note: March data as of May 10, 2023. Peak is defined as the month before monthly outflows turn negative.
$993 billion inflows into money market funds during this Fed hiking cycle
Source: FRB, ICI, Bloomberg, Apollo Chief Economist
Weekly Fed data shows small and large bank lending growth slowing rapidly after SVB
Source: Federal Reserve Board, Haver Analytics, Apollo Chief Economist

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