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Higher rates enable banks to earn more money from the loans they make, in addition to the idle cash they have invested in low-risk securities like Treasury bonds. JPMorgan expects so as to add one other $four hundred million to its net curiosity revenue in the second quarter. That metric is essential as a result of it shows the distinction between what banks pay for funds and what they earn from using them.
Meanwhile, firms continue to absorb cash profits from their operations that they will invest as an alternative of borrowing. U.S. businesses piled up a document $1.6 trillion in financial institution deposits and money market funds by means of the top of September, according to Federal Reserve data. Bankers say firms proceed to add to … Read more