How to Buy a Bank Stock in a Recession

I don't expect an apocalyptic cycle here with credit costs going up to 2008 levels. US banks put about $55 billion aside to take care of losses from COVID. The system kept on going largely because the fed had lowered interest rates so much. I think you're going to have an environment where banks are going to be able to lend more and kind of go back to a more normal business model. But is it going to be a great boom? No. You're going to see high credit costs, but that's an opportunity for a lot of these guys too. They make money on that.

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