Banks Struggled Last Year, But Now They Are Set for Big Profits

Wall Street Journal, July 12, 2021–Ben Eisen and David Benoit (subscription)
The economic recovery is looking good for the biggest U.S. banks. Major players such as JPMorgan Chase and Citigroup are expected this week to report second-quarter profit gains, a U-turn from a year ago when they were girding for a wave of COVID-19-related loan defaults.