John M. Barrett
President & Chief Executive Officer
jbarrett@firstcitrus.com
T: 813.926.1314
10824 North Dale Mabry Hwy.
Tampa, Florida 33618
www.firstcitrus.com
Vision: Enhancing vibrancy throughout Tampa Bay by helping families become more financially secure and businesses economically successful.
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JPMorgan and Wells Fargo kick off first-quarter reporting April 14, and The Wall Street Journal predicts bank earnings will be under pressure from every angle: less interest income, less fee income, and higher loan loss reserves. "The pressure on nearly all parts of the banking business model means banks have few levers to pull to boost earnings," according to the story. "Cutting expenses, a tried-and-true path to improved profit, will be hard when the banks are spending money to deal with the pandemic-including bonuses for front-line workers, equipment for employees to work from home and the deep cleaning of branches and corporate offices." The first quarter was only partially impacted by the coronavirus, and the second quarter may be even worse. When do you see the impact of this pandemic peaking?
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Barb Rehm
Senior Managing Director
Promontory Interfinancial Network, LLC
Arlington VA
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