Yep - those that reported thus far - flat cash earnings, small...

  1. 4,702 Posts.
    lightbulb Created with Sketch. 226
    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
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.