Bank Earnings Looking Better In 2009 First Quarter

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Bank Earnings Looking Better In 2009 First Quarter

By Bill Conerly on May 29, 2009 | More Posts By Bill Conerly | Author's Website

Breathe a sigh of relief. Bank earnings are not strong, but they are positive. Red ink seems to be so 2008:

It seems the farther we get from the fall of 2009 and the Lehman bankruptcy, the better things look. Although I do not forecast bank earnings to grow rapidly and return to the 2006 levels any time soon, we are likely to get moderate, gradual gains from here on out. Of course, that’s in the aggregate. Your bank’s mileage may vary.

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