Markets Prepare For a New Normal on Rates, and a Big Bullish Call on Bank Stocks 01/04/23
CNBC's "Fast Money"
00:00
Bank of America Is a Microcosm of the Broader Banking Industry
Bank of America's revenues are getting such a boost from these higher interest rates. Deposit fees are at a 40 year low so to some degree you have a substitution effect of less fees and lower rates paid on deposits. They're keeping their expenses under control and lastly credit costs I mean this is not the global financial crisis this is the opposite of it then it was like there's no fear.
Play episode from 28:25
Transcript
