Previous close | 2.9200 |
Open | 2.7600 |
Bid | 1.3000 |
Ask | 5.9000 |
Strike | 66.00 |
Expiry date | 2025-12-19 |
Day's range | 2.7600 - 2.9200 |
Contract range | N/A |
Volume | |
Open interest | 50 |
Higher deposit costs are eating into profits of regional banks. That pressure is not likely to abate anytime soon as the Fed dials back its expectations for rate cuts in 2024.
Big bank bosses are not hiding their enthusiasm about Wall Street as first quarter jumps in investment banking spur new hopes for a sustained dealmaking revival.
The results from the nation's second-largest lender offer the latest example of how even the biggest banks are increasingly challenged by high interest rates.