Brian Moynihan Talk This week I had the opportunity to listen to a talk from Bank Of America CEO Brian Moynihan. From the Banking Symposium put on by John Maxfield and my experience studying Hingham Institution For Savings I have learned a lot about what makes quality banks and bankers.
Thanks for sharing. Whats your though on the last quarter results for Hifs? Were they blind to the risk of sudden increase of Interest rates or this is part of the risk they are willing to take considering it will normalize over time.
I would have to put it in the latter option for sure. I would rather a bank have a bad quarter or bad year especially comparatively if they are a high performer. Well they are difficult times for banks and the results of the bank don't reflect this there are usually major effects like bank failure that crop up not too long down the road, think SVB. So I would rather take it on the chin and then move forward and improve with time.
Thanks for sharing. Whats your though on the last quarter results for Hifs? Were they blind to the risk of sudden increase of Interest rates or this is part of the risk they are willing to take considering it will normalize over time.
I would have to put it in the latter option for sure. I would rather a bank have a bad quarter or bad year especially comparatively if they are a high performer. Well they are difficult times for banks and the results of the bank don't reflect this there are usually major effects like bank failure that crop up not too long down the road, think SVB. So I would rather take it on the chin and then move forward and improve with time.