When Trump’s president, dear God I hope not, banks will make money again. Well, banks are actually already making a lot of money. But I do wonder what percentage of that money is from overdraft fees….
When interest rates go up though, banks will make even more money. Although there will be less loans given out if rates go up a lot, with rates where they are now that won’t happen for quite a long time. So it does seem like banks are a good long term buy since rates have to go up at some point, right?
Banks can't make any money in this environment. Bank of America's profits were just $4,230,000,000 last quarter, a measly $46,356,164 a day.
— Irrelevant Investor (@michaelbatnick) July 18, 2016