Wall Street’s great rate reset on its securities portfolios has finally arrived. Net interest income at the four biggest US banks is on track to climb this year after surpassing a quarter of a trillion dollars in 2025. Some of the low-yielding bonds banks acquired during the pandemic have begun to mature, allowing executives to put that money to work into higher-returning assets. Bloomberg's Herman Chan joins to discuss Well Fargo, Bank of America and Citi bank earnings on Bloomberg Intelligence. (Source: Bloomberg)
Sign in to read the full article.
Sign in with Google