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Bank of America Retains #1 Status in Deposits


Parsad
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But banks still must find ways to put that additional cash to work — an increasingly difficult proposition, given the Federal Reserve's intention to keep the long end of the yield curve low, said Sam Bullard, senior economist at Wells Fargo.

 

 

But I presume they can continue to let long term debt mature using the rising deposit base instead of issuing new long term debt.

 

Effectively wringing more profit out of existing loans, instead of making new loans.

 

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No surprise there....

 

I still think they are a mediocre bank though. I'm sure Moynihan will do an incredible job with Bank of America in the next decade or so but ehhh I'd rather take Wells Fargo. However, the warrants for Bank of America are extremely attractive.

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