Positive trends accumulate for banking industry

04/17/2009 | NYTimes.com

After navigating troubled waters at the beginning of the year, the banking industry is showing some signs of recovery. JPMorgan Chase, Goldman Sachs and Wells Fargo announced better-than-expected profits. Economic-stimulus programs, super-low interest rates and other efforts are helping the industry. However, the sector still faces many negative factors, including defaults on mortgages and other types of consumer loans.

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