all ticked higher on Wednesday as the bank's profits topped Wall Street's forecasts.
on the earnings call that "interest rate headwinds and deposit mix continue to challenge net interest revenue and asset management continues to be negatively impacted by prior-year outflows." U.S. Bancorp's net interest margin was 3.02% but chief financial officer Terrance Dolan said he thinks "its going to be a challenging year because of where interest rates are today versus where they were a year ago. I mean the long end of the curve 10-year I think is down 150, almost 150 basis points from where it was last year."
How much of the number was made on accounting gymnastics such as stock buy backs?
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