Analyst previews bank earnings: ‘going to be messy’

Earning season for the bank sector kicks off Friday morning and it is “going to be messy,” according to one notable banking analyst. As expected: rough year for banks It goes without saying that 2020 was a rough year for the bank sector as the group, The Wall Street Journal reported. Bank profits plummeted in early 2020 as companies were forced to set aside a lot of cash for bad loans. But towards the end of 2020, the banking industry faced some catalysts, including strong demand for mortgage and corporate trading revenue, according to WSJ. Banks also avoided a worst-case