Banks to see big profits as COVID 'bad' loans become 'good'
Bank of America signage is shown Wednesday, Feb. 10, 2021, in Atlanta. The nation’s largest banks are expected to report big profits for the first quarter, Tuesday, April 13, amid renewed confidence that pandemic-battered consumers and businesses can repay their debts and start borrowing again(AP Photo/John Bazemore)

Bank of America signage is shown Wednesday, Feb. 10, 2021, in Atlanta. The nation’s largest banks are expected to report big profits for the first quarter, Tuesday, April 13, amid renewed confidence that pandemic-battered consumers and businesses can repay their debts and start borrowing again(AP Photo/John Bazemore)

Apr. 13, 2021 12:31 PM EDT
A Citibank office is open, Wednesday, Jan. 13, 2021 in New York. The nation’s largest banks are expected to report big profits for the first quarter, Tuesday, April 13, amid renewed confidence that pandemic-battered consumers and businesses can repay their debts and start borrowing again (AP Photo/Mark Lennihan)

A Citibank office is open, Wednesday, Jan. 13, 2021 in New York. The nation’s largest banks are expected to report big profits for the first quarter, Tuesday, April 13, amid renewed confidence that pandemic-battered consumers and businesses can repay their debts and start borrowing again (AP Photo/Mark Lennihan)

Apr. 13, 2021 12:31 PM EDT
A Chase Bank is seen, Wednesday, Feb. 3, 2021, in Woburn, Mass. The nation’s largest banks are expected to report big profits for the first quarter, Tuesday, April 13, amid renewed confidence that pandemic-battered consumers and businesses can repay their debts and start borrowing again. (AP Photo/Elise Amendola)

A Chase Bank is seen, Wednesday, Feb. 3, 2021, in Woburn, Mass. The nation’s largest banks are expected to report big profits for the first quarter, Tuesday, April 13, amid renewed confidence that pandemic-battered consumers and businesses can repay their debts and start borrowing again. (AP Photo/Elise Amendola)

Apr. 13, 2021 12:31 PM EDT