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US recessionYahoo Finance
•81% Informative
In 1995 , a Fed cut interest rates and a recession didn't follow, leading to one of the best multiyear periods for banks in US history.
An index broadly tracking the sector would finish the year up over 40% , outperforming the S&P 500.
This year , the same banking industry index (^BKX) is up more than 14% , while a regional bank-focused index is up 8% .
Lenders that benefited from high rates are likely to see less profits, while those that lagged are expecting a boost.
Even without a US recession, a repeat of 1995 would still require loan growth and the revival of investment banking.
Some bank executives, including Bank of America CEO Brian Moynihan and PNC CEO Bill Demchak , reiterated their expectations for better earnings in 2025 .
VR Score
87
Informative language
90
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23
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English
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