Accretable Yield For Banks Should Provide Added Benefit

[Parsad]

Acquired loans by many banks including JPM and WFC, will end up providing them with income over the next few years due to purchase accounting rules that forced them to mark the loan values down when acquired.  Probably the income will be well over the actual acquisition cost of the companies they bought.  Cheers!

 

http://www.bloomberg.com/apps/news?pid=20601087&sid=aZ838mo99dGo&refer=home

[Mandeep]

Who's long WFC and JPM?