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Forward Guidance
Chris Whalen: “Higher For Longer” Interest Rate Regime Is Bad For Banks
Apr 21, 2024
42:01
Snipd AI
Financial analyst Chris Whalen discusses the impact of 'Higher For Longer' interest rates on banks. Topics include banking net interest income, commercial real estate, consumer deposits, mid-size vs. big banks, Bank of America's performance, and the effects of the interest rate regime on banks' core business.
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Quick takeaways
- Bank earnings affected by flat to down interest income due to COVID-related adjustments.
- Commercial real estate and consumer sectors present key challenges for banks in the current market.
Deep dives
Bank Earnings and Rising Interest Rates
Bank earnings in the first quarter were impacted by flat to down interest income due to continuous COVID-related adjustments. Traders and investment sides at banks like City and Bank of America helped mitigate weaknesses. Return on earning assets remains a concern due to unpredictable spreads. A shift towards higher mortgage rates may challenge banks, especially with low securities portfolio yields. Commercial real estate and consumer sectors showcase key challenges for banks.
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Discover
highlights
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