@Article{gh2021, author={Guerrieri, Luca and Harkrader, James Collin}, title={{What drives bank performance?}}, journal={Economics Letters}, year=2021, volume={204}, number={C}, pages={}, month={}, keywords={Pre-provision net revenues; Charge-off rates; Macroeconomic factors; Banking factors; Principal comp}, doi={10.1016/j.econlet.2021.10}, abstract={Changes in macroeconomic conditions explain the preponderance of the fluctuations in loan charge-offs. Idiosyncratic factors account for a sizable share of the variation in bank revenues, which points to the importance of bank-specific business models as drivers of performance.}, url={https://ideas.repec.org/a/eee/ecolet/v204y2021ics0165176521001610.html} }