The market is "concerned about future top-line [bank] revenue," Dan Alpert, managing director of the New York-based investment bank Westwood Capital, told CNBC Tuesday.
"The market is also telling banks, 'Look, you've been telling us for a very long time you don't need to raise capital. We think you do. Now go out and take care of it in some way, shape or form," said Alpert.
Two different kinds of banking systems exist within the U.S., he added. "We have our trading houses, which are the top three big commercial banks, and Morgan Stanley and Goldman Sachs , and then there's every other bank."
If the U.S. is going into any type of slowdown, there is the risk that loan volume is going to decrease, Alpert said. "The issue is, banks can't make money if they don't lend it."
One metric used to analyze banks is studying bank capital ratios relative to where they used to be, he explained. "But the other metric is, where is bank capital relative to the mass of potentially troubled assets and future liability, because capital can get eroded very, very, very quickly when you start seeing billions and billions of dollars in settlements."
"It's very difficult for people to sit there and make assumptions about where the banks are going to be one quarter from now in there current business mix," Alpert concluded.
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