Wall Street’s great rate reset on its securities portfolios has finally arrived. Net interest income at the four biggest US banks is on track to climb this year after surpassing a quarter of a trillion dollars in 2025. Some of the low-yielding bonds banks acquired during the pandemic have begun to mature, allowing executives to put that money to work into higher-returning assets. Bloomberg's Herman Chan joins to discuss Well Fargo, Bank of America and Citi bank earnings on Bloomberg Intelligence.
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Watch Bloomberg Radio LIVE on YouTube
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Follow us on X: https://twitter.com/BloombergRadio
Subscribe to our Podcasts:
Bloomberg Daybreak: http://bit.ly/3DWYoAN
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Balance of Power: http://bit.ly/3OO8eLC
Bloomberg Businessweek: http://bit.ly/3IPl60i
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