Don't see a lot of growth potential for banks: senior portfolio manager

Рет қаралды 3,283

2 ай бұрын

Martin Pelletier, senior portfolio manager for Trivest Wealth at Wellington-Altus Private Counsel, joins BNN Bloomberg to share his outlook on the markets and how to navigate amid uncertainty.
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Пікірлер: 5

@my2cents395 Ай бұрын

I see bank growth potential. When a 3% mortgage expires it renews at 7%, that's a more than 100% increase. Immigrants get bank accounts, that's all new business. Money laundering, the rich have more money and need creative ways to avoid taxes and criminals need to clean their money. Then there is inflation, wage and price inflation, no end in sight. AI, a bank can do more with less people. Senior staff at banks could reduce the crimes they commit. The banks can get on their knees and beg the Government to support them. There is no limit to sleazy bankers.

@michael2275 Ай бұрын

You have no idea how banking works. Net interest margin does not necessarily go up with rates.