It’s been a wild ride for the Select Bank Revenue(.BLXSBR) and Select Bank Earnings(.BLXSBE) indexes. Revenue for the sector dropped slightly as the Covid-19 crisis started, but remained well above levels from a couple years ago.
Bank earnings, however, dropped sharply as banks increased their loan loss provisions in expectation of large future losses:
Last quarter banks complemented their dismal results with gloomy outlooks. Analysts scrambled […]