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re: Would We Have Been Better Off If The Gov't Let The Banks Bottom Out, Not Bailing Em Out?
Posted on 5/16/17 at 9:50 am to tgrbaitn08
Posted on 5/16/17 at 9:50 am to tgrbaitn08
quote:
I don't know about that. Banks are being more stingy with their money right now than I've seen in 10 years. Businesses are hurting right now because banks won't lend money to companies to buy equipment to grow their businesses. 5-10 years ago banks were giving money away, not anymore.
quote:
This year, tepid growth in commercial and industrial loans and a drop in 1-4 family mortgages could not offset the credit card loan decrease, and total loans and leases fell to $9.297 trillion at March 31 from $9.305 trillion at Dec. 31, 2016. C&I loans sold in U.S. offices of banks increased by just 0.9% during the quarter, and residential property loans, including home equity lines of credit, fell by 0.6% during the quarter. C&I loans and 1-4 family loans make up 19% and 26% of the industry's total loans & leases, respectively. Also contributing to the decline in loans was a rare decrease in auto loans, which fell for the first time since the industry began fully reporting auto loan balances in 2011.
Loan growth dip for the first time in four years. I believe your 10 years timeframe is a bit large.
2
Posted on 5/16/17 at 10:22 am to Alltheway Tigers!
quote:
Loan growth dip for the first time in four years
quote:
I believe your 10 years timeframe is a bit large.
Do you have a 10 year graph? Im still right
Change the 10 years to 4 years and I'm still right.
Posted on 5/16/17 at 10:28 am to Alltheway Tigers!
LINK
Look where it was in 2008
quote:
The pace of commercial and industrial loan growth has slowed to its weakest pace in nearly six years, according to Federal Reserve data, adding to worries about economic growth and whether the rally in bank stocks since the election is justified.
Commercial and industrial loan growth rose at its weakest pace since July 2011, at $58.1 billion year over year through the week of April 5, according to the Fed.
Look where it was in 2008
quote:
Now loans are showing more reason for real concern about the economy, and an industry dependent on that growth — banking.
Major bank reports on loan growth confirmed the sluggish pace in the last week. JPMorgan Chase said its commercial and industrial loans grew 8 percent in the first quarter from the same quarter last year, unchanged from the fourth quarter of 2016.
Bank of America reported a 0.57 percent year-over-year increase in total loans and leases in the first quarter, down 0.05 percent from the fourth quarter of 2016. Citi said in the first quarter that total loans rose 2 percent year on year, and 1 percent from the fourth quarter of 2016.
This post was edited on 5/16/17 at 10:30 am
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