What to Expect for Bank Earnings: A Bad Quarter, but Not as Bad as Before

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The U.S. economy is settling in for a lengthy recovery. Earnings from the largest banks are expected to make that clear.

When the pandemic hit and the economy mostly shut down, banks set aside tens of billions of dollars to cover soured loans, took in

record deposits and contended with a Wall Street trading bonanza. That topsy-turvy start to the year is now giving way to a steadier new normal.

 

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