Bank Earnings Are Toast – It’s Time to Take Bold Action
Gonzobanker
MAY 8, 2020
Using quarterly comparisons from last year’s performance, we forecasted each bank’s income statement as follows: Net interest margin contracted by 15 basis points Non-interest income declined 15% Loan loss provisions increased by 350% from the same quarter last year. They may be looking for a dance partner or hiding from a regulator.
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