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💨IMPACT LEVEL 1 — MEH

Epstein File EFTA01459744: Vulnerable and Torture (DS10)

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This document contains financial analysis of banking sector vulnerability from Deutsche Bank sources. It discusses how banks are vulnerable to earnings per share (EPS) declines if market conditions weaken and credit costs rise, with analysis of recession impacts on the financial sector using IBES data.

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Excerpt 1
This makes Banks **vulnerable** to down EPS if markets business stays weak for longer and credit costs rise from low levels to more normal levels led by energy
Excerpt 2
Recession Banks (GICS III) Financials (GICSI) Median = 0.75 Median - 0.80 Source IBES, Deutsche Bank Source IBES, Deutsche Bank Valuing Banks: No greater **torture**

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