U.S. Bank Profits Seen Rising

Published on:
12 September 2006 at 10:19 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00007339-us-bank-profits-seen-rising/

The U.S. consumer, long a key driver of banks’ profits, look ready to start passing the baton to corporate borrowers as the biggest financial institutions report fourth-quarter results next week.

Many U.S. banks benefited from rising stocks and increased investment banking activity, analysts said. Corporate customers, meanwhile, are borrowing more to fund expansion and mergers as the economy grows.

“Companies are more open to booking loans, and the capital markets environment for banks is better than many people believe,” said Tim Woolston, who helps invest more than $5 billion for Boston Advisors Inc.

Banks may need more corporate loans to offset any plateau in consumer borrowing.

For this complete story, please visit U.S. Bank Profits Seen Rising.

U.S. Bank Profits Seen Rising

Unknown Author

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