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Wall St Week Ahead Regional bank loan growth could hint at healthier supply chains

admin by admin
October 15, 2021
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Wall St Week Ahead Regional bank loan growth could hint at healthier supply chains

Increasing demands for new loans at higher interest rates could signal that small businesses are securing inventory and expanding, said Dave Ellison, a portfolio manager at Hennessy Funds.

“It seems like everybody else has benefited from the economy reopening but the banks because you’ve seen very little loan growth” on account of the Paycheck Protection Program, Ellison said. “The pandemic has disproportionably hurt small businesses, and those are the customers of regional banks,” he said.

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