balance sheet strength after the failures of several smaller lenders earlier this year. thomas hayes is the chairman of brachial capital and expects positive surprises for investors from the banking sector. ., , ., , sector. right now the estimates for bank earnings sector. right now the estimates for bank earnings are sector. right now the estimates for bank earnings are plus - sector. right now the estimates for bank earnings are plus 7% i for bank earnings are plus 7% revenue growth which is actually the highest of all 11 sectors in the s&p 500. i do think we re going see some guy downs on net interest income because of the higher for longer interest rate environment we are in moving forward. however, ialso environment we are in moving forward. however, i also think thatis forward. however, i also think that is comprised in. stocks have been debated, if you look years ago, there were trading at all times p, now they are trading at a time. as we know, the secret to happiness is l
for bank earnings are plus 7% revenue growth, which is actually the highest of all 11 sectors in the s&p 500. i do think we re going see some guide downs on net interest income because of the higher for longer interest rate environment we are in moving forward. however, i also think that is priced in. stocks have been de rated, if you look 3 years ago, they were trading at 12 times p/e, now they are trading at eight times p/e. there is a lot of bad news already priced in. as we know, the secret to happiness is low expectations and i do think the expectations are pretty low tomorrow and mayjust be able to beat. interesting to hear. at the same time, there have been worries about the banking sector after the collapse of some smaller lenders. do you expect some of those big lenders exposure to those smaller lenders when they report their results? it is a rearview mirror story. even if they do take some type of impairments, it is going to be a 1 off, going to be backward looking.
of great hill capital and he expects some positive surprises for investors in the banking sector. right now the estimated bank earnings are plus 7% revenue growth which is the highest of all sectors in the s&p 500. i think we will see some guy down on net interest income because of the higherfor longer of the higher for longer interest of the higherfor longer interest rate environment we are in moving forward. however, i also think that has been priced in. the stocks have been degraded. three years ago they were treating an average 12 times now it s eight times the amount. as we know the secret to happiness is low excitations i do think the expert patients are pretty low tomorrow and they may be up to beat. that s interesting they may be up to beat. that s interesting here. they may be up to beat. that s interesting here. at they may be up to beat. that s interesting here. at the - they may be up to beat. that s interesting here. at the same | interesting here. at the same time,
do want to ensure that all the children are safe and have access to an excellent education. of course, local authorities must seek to identify children missing in their area and ensure that they are safe. the department for education continues to undertake work to support swift identification and greater support of children missing in education. in greater support of children missing in education- greater support of children missing in education. i , i, in education. in spite of government inn to in education. in spite of government s i in to the in education. in spite of government spin to the contrary, in education. in spite of government spin to the contrary, the in education. in spite of government spin to the contrary, the backlog - in education. in spite of government spin to the contrary, the backlog of. spin to the contrary, the backlog of undetermined initial asylum claims has risen even since december from 160,000 to 170,000 plus. 7 has risen even since december from 160
eight to the far north and west. another day of contrasts on monday. high pressure keeping things cold across the south, and dry, but around the northern edge we get winds off the atlantic, which is why we see that mild air across the north of the uk had not the south. for monday, plenty of cloud again, scotland and northern ireland and around the irish sea coast, some light rain and drizzle, some will be dry but brighter breaks in the north east of scotland and the north coast of northern ireland. a few dense patches of fog across central parts of england again but developing widely to the west midlands and eastern wales, but through the afternoon we could see more cloud return to the south east corner where it will be another cold day. another cold, frosty night into tuesday across the cell. more atlantic weather fronts getting to the north and a breeze picking up in scotland. a bit of rain through the day but during the night things turn wetter. in eastern scotland, more developing