In the next two years, banking financials are expected to improve dramatically based on IDC Financial Publishing‘s (IDC’s) NOPAT ROE rising from 16.9% in the fourth quarter of 2021 to a new 10-year high of 21.8% in the fourth quarter of 2023. As return on equity increases, EPS growth accelerates…
Core PCE peaked in February and is forecast to decline to under 4% in 2022, and 2.4% by year-end 2023. Month-to-month trimmed mean PCE leads core PCE inflation, peaking in January 2022 and declining to 3.1% in March. Chart I Month-to-Month Trimmed Mean PCE Peaked in January 2022 and Forecasts Year-Over-Year…
IDC Financial Publishing (IDCFP) has attempted over time to estimate brokered CDs for individual banks. The unknown in the equation has historically been the level of sweep accounts in brokered deposits. As of September 30, 2021 bank reports, sweep accounts for individual banks were available on the call reports. As of December…
The consumer price index for March 2022 increased 8.5% following a 7.9% annual gain in February. Gasoline and the March peak in oil prices drove half of the monthly increase and food was also a large contributor. Excluding volatile food and energy components, core CPI increased 0.3% in March from…
“The correction I failed to see coming provides the next opportunity, with no recession in sight.” – John Rickmeier Beginning February 9, 2022 to date, a major bank stock price correction occurred as a result of the inverted yield curve that forecast a recession.The inverted yield curve between the 10-less-2-year…
