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Investors are gearing up for a potential jump in inflation rates following an unprecedented $6 trillion in U.S. government stimulus spending since the beginning of 2020.
An extended period of elevated inflation may be great news for banks as long as inflation rates don’t get out of control, according to Bank of America analyst Erika Najarian
In a new research note, Najarian said the Bank of America economics team is forecasting 7% U.S. GDP growth in 2021 and a 2.15% yield on 10-year U.S. Treasury bonds this year. As a result, she sees what she calls a “Goldilocks” inflation outlook that could fuel an extended rally in bank stocks.
Regions Financial Corp (RF) Q1 2021 Earnings Call Transcript fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
Operator
Good morning, everyone, and welcome to Citizens Financial Group First Quarter 2021 Earnings Conference Call. My name is Alan, and I ll be your operator today. [Operator Instructions]
Now I ll turn the call over to Kristin Silberberg, Executive Vice President, Investor Relations. Kristin, you may begin.
Kristin Silberberg
Executive Vice President, Investor Relations
Thank you, Alan. Good morning, everyone, and thank you for joining us. First, this morning, our Chairman and CEO, Bruce Van Saun; and CFO, John Woods, will provide an overview of first quarter results, referencing our presentation, which you can find on our Investor Relations website. After the presentation, we ll be happy to take questions. Brendan Coughlin, Head of Consumer Banking, also here to provide additional color. Don McCree, Head of Commercial Banking, who usually joins us, had the personal conflict today.