U.S. Bank Profits Fell 36.5% in 2020 on Pandemic Concerns–FDIC

Reuters, Feb. 23, 2021–Pete Schroeder
U.S. bank profits fell 36.5% in 2020 from the prior year as banks set aside massive amounts to guard against potential losses, but the industry showed signs of strengthening in the fourth quarter as the economy begins to recover from the pandemic, the Federal Deposit Insurance Corp. reported on Tuesday.
https://www.reuters.com/article/us-usa-fdic-results/u-s-bank-profits-fell-36-5-in-2020-on-pandemic-concerns-fdic-idUSKBN2AN1OC