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Banks: Value Tease or Value Trap?

Updated: Jul 14, 2020

New York | We go into Q2 2020 earnings season with a combination of expectation and dread. On the one hand, we are getting more data on the state of credit inside banks and nonbanks alike, a process of revelation that will make a lot of investors and risk professionals queasy. The discovery process must continue even as many cities remain effectively closed, with plywood covering the windows of businesses.