Bankers turned notably more bullish on loan growth in the first quarter while hopes for deposits remained mostly flat, according to S&P Global Market Intelligence's first-quarter 2024 US Bank Outlook Survey.
Less than 10% of respondents expected loan declines over the next year, down from more than 17% in the previous survey. Banker expectations for deposit interest rates at the end of 2024 fell slightly quarter over quarter. The proportion of bankers that felt the US was already in recession ticked higher, but so did the proportion of respondents that thought a recession was two or more years away.
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