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Bank Earnings Reflect Massive Impact From Coronavirus

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NBC News Reporter Martha White featured insights from GraniteShares Director of Research Ryan Giannotto, CFA on banking earnings as the Q2 reporting cycle intensifies. “One of the key differences, however, between the financial crisis and the current pandemic is there is not an expectation of rising rates now,” contended Giannotto. “A flat curve means they just don’t have a lot of options to monetize their asset base.”
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