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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤
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Author: rnam ✧  😊 😞
Number: of 15058 
Subject: BAC - NII to decline on rate cut
Date: 08/11/2024 7:55 AM
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Interest-rate cuts by the Federal Reserve may have a greater negative impact on big banks due to their higher asset sensitivity, unlike the regionals which are more neutral to short-term, policy-sensitive rates, Jefferies wrote in a recent note to clients.

The universal banks expecting a dip in 2024 NII include Bank of America (BAC), Citigroup (NYSE:C) and Wells Fargo (WFC).

BofA’s (BAC) NII, meanwhile, slipped from Q1, which management said was driven by “higher funding costs and the rotation of deposits seeking higher yield alternatives.”

https://seekingalpha.com/news/4137403-rate-cuts-ma...

Could this have been a consideration in Buffett’s sale of BAC?

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