Synonyms that are in the dictionary are marked in green. Synonyms that are not in the dictionary are marked in red.
Antonyms that are in the dictionary are marked in green. Antonyms that are not in the dictionary are marked in red.
Higher deposit costs will continue to bite into growth and profitability, as management adds higher-cost CDs to fund well above-average loan growth and acquire attractive customers for the long term.
It became callable in 2021, but clearly, redeeming these shares wouldn't make a lot of sense as they would have to issue higher-cost debt if they wanted to replace it.
One of the most successful sets of trades we made in this portfolio was the paring down of the Philip Morris () position by buying in the low $90/share range and then selling off some of the higher-cost shares with a cost-basis over $100/share.
That left Europe’s leading economy dependent on higher-cost U.S. Liquified Natural Gas (LNG).
Source: https://www.counterpunch.org/2023/06/30/america-has-just-destroyed-a-great-empire/
The marked improvement is a result of strategies that positioned the Bank to benefit in a rising interest rate environment, including a reduced reliance on higher-cost borrowed funds and brokered deposits.