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U.S. bank loans hit record as C&I lending leads, Stephanie Link notes
Stephanie Link, managing director and portfolio manager at Hightower Advisors, reports that U.S. Federal Reserve H.8 data show bank loans rising for the eighth straight week, marking growth in 13 of the past 15 weeks and 24 of the last 28 weeks, reaching a record high.
She highlights that commercial and industrial loans have led these gains, also rising in 13 of the last 15 weeks and underscoring activity at the front line of the economy. Link adds that the Atlanta Fed's GDPNow tracker currently stands at 3.7%.
Link has recently reported on sector momentum, citing Power's AI-driven business growth and a 37% year-over-year increase in backlog. She has also highlighted strong cloud gains from Amazon, Microsoft, and Google. These updates reflect continued activity across technology and infrastructure companies.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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