Post by
mydividends on Apr 22, 2022 4:21pm
Interest Rates Rise, Bank Stocks Down?
Makes no sense, the market has no idea how to value financials right now. TD is the most rate sentive bank too, each 0.25% rate incresae adds about $370 million to their income annually, so with the recent increases (and future ones) this is nothing but positive for this bank (and others).
Comment by
Pcboy1 on Apr 22, 2022 9:30pm
The yield curve matters way more than the interest rate in determining a bank's ability to make money. The flattening or inverting yield curve accounts for the bank's current stock weakness.