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United States of America

US : Finance Companies - Banking | Bank Weekly: 4Q20 Progress Report: PPP Muddies Comparisons, Credit a Highlight, Consensus Up Across the Board

    Contributors
    William J. Wallace IV
    David J. Long
    Michael Rose
    CGS-CIMB
    25 January 2021
    Published byCGS-CIMB

    4Q results are generally above consensus as provision expense declines materially; revenue trends are strong on both PPP fee acceleration and fee income (mortgage, wealth, deposit service charges); consensus trending higher.With the first full week of the 4Q20 bank earnings season behind us, 90% of