Are Banks Ready to Lend Again?

Major U.S. banks appear to be finally opening the lending spigot.

Second-quarter earnings reports due this month are likely to reveal a slight reversal of the long-term shrinkage in bank loan books, one of several positive signs for investors, bank analysts said.

…”Banks are beginning to lend again and that’s a good sign,” said Timothy Ghriskey, co-founder of Solaris Group, which owns bank stocks.

…Large banks are starting to loosen their standards for credit card applications, according to a Fed survey of senior bank loan officers in April…

Read the full article on reuters.com