Public Confidence in Banks Edges Up

American confidence in banks edged up to its highest point since 2008, according to Gallup’s annual “Confidence in Institutions” survey. Twenty-eight percent of Americans reported “a great deal” or “quite a lot” of confidence in banks, seven points above the record low notched in 2012.

Banks ranked behind the presidency, small business and the medical system in confidence, but ahead of “big business,” organized labor, newspapers and TV news and Congress — in which only 8 percent said they had confidence. Confidence in banks peaked in 2004, when 53 percent expressed confidence in them.