BAC showed loan and NII thoroughbread resiliance as it beat street consensus in a tough earnings season race. BAC has always been good at riding rates whether in lower yield environments and now higher. And its vast customer base helps in expanding loan product which is the best way to handle ALM risk. Buy on Stock, Buy on Bonds, Counterparty risk Low, Regualtory risk Medium.
GS spun the wonder wheel yet again to convince investors that it has found the magic elixer for operating performance excellence. Sounds good on paper, but a merger with a US regional bank makes more sense at this point. Buy on Stock. Buy on Bonds, Counterparty & Regulatory risk Medium.