Big U.S. banks got a vote of confidence from the Federal Reserve on Thursday when all 23 banks subject to the Fed’s annual stress test passed with flying colors.
Investors are gearing up for a potential jump in inflation rates following an unprecedented $6 trillion in U.S. government stimulus spending since the beginning of 2020.
An extended period of elevated inflation may be great news for banks as long as inflation rates don’t get out of control, according to Bank of America analyst Erika Najarian