Gerard Cassidy talks to CNBC about how the bank and financial sector is navigating the impact of the coronavirus pandemic, and why this is a much different situation than during the financial crisis.
Gerard S. Cassidy
Managing Director, Head of U.S. Bank Equity Strategy and Large Cap Bank Analyst
Gerard is responsible for providing bank and regional economic research to the firm's clients. Prior to joining our research department in 1988, he was employed by Unum Corporation as a senior bank analyst. He began his professional career with Gulf+Western Industries as a merger and acquisition analyst. Gerard is president and a member of the board of directors of the BancAnalysts Association of Boston, Inc. He is also a former member of the board of directors and secretary of the New York Bank and Financial Analyst's Association. Gerard is the creator of the Texas Ratio, a ratio used by investors to determine whether a bank could be insolvent
Bank profitabilityBankingCOVID-19