Surveillance: Bank Earnings with Leon
Bloomberg Surveillance
00:00
The Fed's Rate Rise and Cut Continues
The biggest macro trend is this pivot to getting higher yield. But if we reach next week where we've reached the Fed, finishing its rate rise regime and pause and then perhaps cut next year, this will be less of a factor. If I'm an investor, I'm looking at total return, this might put some kind of ceiling on buybacks that none of the banks did,. Those in the Dodd-Frank stress tests were allowed to do, but they had dividend increase.
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