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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: zonder who wrote (16009)11/17/2004 12:37:08 PM
From: ild  Read Replies (1) of 116555
 
Wachovia said its earnings would be 1.8% higher if Fed funds rate rose to 3% in a year, and 0.8% lower if it decreased.
· Bank of America said net income from interest would gain 0.4% with higher rates and fall 0.7% with lower rates.
· Comerica will gain 5% in net interest income on higher rates and lose 4% on lower rates
· Bank of New York said it will gain up to 1.5% on higher rates and lose 0.1% on lower rates.


Do they assume NO flattening of the interest rate curve?
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