...instead of banks falling on this, banks have been rising....

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    ...instead of banks falling on this, banks have been rising.

    ...in ASX, CBA has been getting a disproportionate amount of market exuberance because there is little else (worthy) to buy.
    Price rising and stock/company is solid, so they flock to buy. Market valuation don't matter. Neither does the reckoning ahead.

    BREAKING: Unrealized losses on investment securities for US banks reached $512.9 billion in Q2 2024. This is 7 TIMES higher than at the peak of the 2008 Financial Crisis.

    Q2 2024 also marked the 11th consecutive quarter of unrealized losses as interest rates continued to pressure the economy.


    Bank of America, the second-largest lender in the US, now accounts for $110.8 billion of held-to-maturity securities with unrealized losses, or 20% of the total.

    Meanwhile, the number of banks on the FDIC Problem Bank List increased to 66 in Q1 2024, or 1.5% of the aggregate.

    Unrealized losses held by banks remain a major issue.

    https://x.com/KobeissiLetter/status/1837587663907705015
 
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