Credit costs in FY20 were 11x higher than FY19, despite 4Q20 reversals. The bank can see a greater decline during FY21 than most US banks. It also appears more prone to reversals.
SUMMARY
(Sign Up to Access)
Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
Unlock research summaries
Follow top, independent analysts
Receive personalised alerts
Access Analytics, Events and more
Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.