U.S. bank stocks fell dramatically in early 2020 as investors feared economic lockdowns would weaken banks’ loan portfolios as COVID-19 spread across the globe. The potential for losses led investors to flee the market segment. Yet 18 months later, bank equities have proven resilient. This article explores how U.S. banks prepared to weather the economic tail risk of a pandemic and discusses why there is a favorable view of the segment amid prospective signs of continued strength for banks. Read it to learn about:
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