Investing Power Hour #56: No MSFT/ATVI Deal; Big Tech Earnings; Update on Banking Crisis
Chit Chat Stocks
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The Bank of America's Net Interest Margin Increases
The big banks will earn more on their deposits, but it's probably quite likely that deposits will decrease on a per customer basis. We've seen I think net interest revenue at Bank of America was up like 30% or something like that. The ones where maybe you don't use them as your primary bank where there may be more deposit outflows. And they're not necessarily leaving Schwab, but moving into a different, more of an, somewhere where they can earn more money.
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