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FTXO - The Banking Industry Halfway Through The Pandemic

First Trust Nasdaq Bank ETF
  • When the pandemic broke in March, the biggest concern for the banking industry was the future level of bad loans.
  • Almost all banks significantly increased their loan loss reserves in the first two quarters of 2020 to prepare for that.
  • Numerous government actions and other factors have contained the level of bad loans so far.
  • Now, three quarters in, the bigger problem appears to be low interest rates squeezing interest margins.

For further details see:

The Banking Industry Halfway Through The Pandemic
Stock Information
Company Name: First Trust Nasdaq Bank ETF
Stock Symbol: FTXO
Market: NASDAQ
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