NEW YORK, April 29, 2021 /PRNewswire/ — Community banks and their larger counterparts stand to report far fewer loan losses than previously expected, according to S&P Global Market Intelligence‘s annual U.S. Bank and U.S. Community Bank Market Reports. The two new reports conclude that the outlook for bank returns is far more favorable now than even a few months ago as credit costs should be significantly lower than previously expected due to the accelerated pace of vaccinations and additional government stimulus.

Published by S&P Global Market Intelligence‘s Financial Institutions Group (FIG) Research team, the reports spotlight how the banking industry and community banks have responded to the pandemic. The analyses found that the efforts made by banks and the U.S. government to mitigate COVID-19’s economic blow has prevented credit deterioration and pushed excess cash into the banking system. As a result, banks have effectively…

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