CSBS Survey: Northeast Banks Improved Sentiment, But Still Pessimistic on Economy
Community banks in the Northeast are the most pessimistic about the economy of anywhere in the nation, according to a new survey.
Community banks in the Northeast are the most pessimistic about the economy of anywhere in the nation, according to a new survey.
Community bankers in the Northeast say that economic conditions will slightly improve moving forward, but still maintain an overall negative outlook according to a new survey.
Community bankers, particularly in the Northeast, continue to have dim expectations for bank profitability, according to the Conference of State Bank Supervisors’ latest community bank survey.
After two quarters with a positive outlook on their profits, more community bankers, particularly in the Northeast, expect bank profitability to decline, according to the Conference of State Bank Supervisors’ latest survey.
The Federal Reserve’s interest rate decisions and concerns about future business conditions have made community bankers more pessimistic.
Concerns about future business conditions have led community bankers to hold a less optimistic outlook for the economy, according to the Conference of State Bank Supervisors latest survey.
While community bankers in December had a slightly more optimistic outlook about future business conditions and the economic outlook compared to the end of 2020, bankers are expressing more concerns about future profitability, according to the Conference of State Bank Supervisors latest survey.
More than a year after the start of the pandemic saw banks and their customers confronting the unknowns of a public health crisis and a recession, the latest quarterly earnings results for Massachusetts-based banks continue to point to an improving outlook.
While community bankers’ overall outlook on the economy has improved since the start of the pandemic, profitability and regulatory burden remain concerns for more than half of bankers, according to a quarterly survey by the Conference of State Bank Supervisors.
Community bankers’ overall outlook on the economy remained negative in the second quarter, with bankers holding a range of opinions on business conditions, according to a quarterly survey by the Conference of State Bank Supervisors.
A survey asking U.S. community banks for their outlook on the economy shows how quickly the coronavirus pandemic affected bankers’ views.