Great read and I think this is one of the reasons why CMA is now my largest holding at 57% TBV and EX-AOCI is doing 19.94% ROCE. AOCI losses are rolling off 500-1B every quarter and deposits are actually growing; this quarter beat on top and bottom line. I wrote about it a bit on my own substack.
Great read and I think this is one of the reasons why CMA is now my largest holding at 57% TBV and EX-AOCI is doing 19.94% ROCE. AOCI losses are rolling off 500-1B every quarter and deposits are actually growing; this quarter beat on top and bottom line. I wrote about it a bit on my own substack.
Great read and I think this is one of the reasons why CMA is now my largest holding at 57% TBV and EX-AOCI is doing 19.94% ROCE. AOCI losses are rolling off 500-1B every quarter and deposits are actually growing; this quarter beat on top and bottom line. I wrote about it a bit on my own substack.
Thank you for the insight