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U.S. banks will likely report ‘record level’ earnings in 2021, says IIF

Invest in Your Future

U.S. banks will likely report ‘record level’ earnings in 2021, says IIF

According to the Institute of International Finance, U.S. banks will probably report “record level”
earnings this year as the American economy is stabilizing and financial markets seem to be going
upward.
On Friday, the chief executive of the IIF, Tim Adams stated that the economy, that is recovering, will
fasten the bank lending and fee income while more investing activity elevate trading revenue, as
reported by CNBC.
“I think we’re going to see record-level earnings this year so it’s a good year for banks. We see it in the
bank stocks, and I think it’ll continue to reflect those underlying, really strong fundamentals for at least
the rest of this year,” Adams told CNBC’s “Street Signs Asia.”
(Reference: CNBC)