Yep - those that reported thus far - flat cash earnings, small reduction in NIM, flat to modest loan growth, and minimal w/offs of B&D in resi property ....
the recent falls in prices - all looked topped out (imho) ....and IF we get a large inc in unemploy (which in my opinion is a "given" with auto industry closure / reductions in oil / ironore workforces and contracting) ....then banks could see a large fall in future npat's .....any more in 10-yr paper - and it could see a 30-50% fall in prices ........could get entertaining ...
rgds
V_H
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Yep - those that reported thus far - flat cash earnings, small...
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