US Banks will continue to perform well this quarter even wit...
US Banks will continue to perform well this quarter even with rate cuts of another 50 basis points. We must take note that almost every Presidential election year, the market n economy gets a boost from across both political spectrum so as to seek their return to power. The economy is the most important factor and having a tamed inflation gives more room for the economy to expand and bring more profits to the banking businesses. This bottomline supported better earnings outcome.
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Been trading n investing since 1993 SingTel IPO.
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