Oct 14, 2020
Banks are healthier now than during the Great Recession
Citigroup's net income of $3.2 billion, or $1.40 per share, topped analyst expectations for the third quarter.
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Quarterly results show most big banks beating expectations. Plus, what would be the consequences of an undercount on the 2020 census? And, how Black-owned restaurants in North Texas are faring given the pandemic and social justice movement.
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Segments From this episode
Positive third-quarter results for banks tell us how people are saving during uncertain times
Susan Schmidt, head of U.S. equities with Aviva Investors, says banks are making progress toward growth thanks to people saving. “They’re being conservative right now,” she said. “And you see the deposits growing in the bank, that’s two legs of the stool that we need to see growth at banks. The next step would be loan growth. And hopefully we’ll start seeing that in the fourth quarter.”
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Music from the episode
Days To Come Bonobo, Bajka
The team
David Brancaccio
Host
Victoria Craig
Host, BBC
Stephen Ryan
Senior Producer, BBC
Jonathan Frewin
Producer, BBC
Daniel Shin
Producer
Jay Siebold
Technical Director
Meredith Garretson Morbey
Senior Producer
Alex Schroeder
Producer
Erika Soderstrom
Producer
Rose Conlon
Producer
Brian Allison
Technical Director
