MFA Musings: 9/17/18
Profitability over growth.
The stock market is continuing its incredible performance. The economy is looking good.
Business news on CNBC is positive. Unemployment is low, and consumer confidence is high.
When I turn on Fox News or MSNBC, I feel there is a parallel universe. It is easy to get sucked into this world of negativity.
I do, however, expect your institutions to continue to face the following:
• Deposits – Lack of growth.
• Loans – Solid growth.
• Net Interest Margin – Pressure as your Cost of Funds increases quickly.
Profitability, over growth, should be a conversation we all take seriously.
If you would like to have a conversation about profitability, please contact your advisor to discuss ways we can help. All of us at McQueen Financial are dedicated to your long-term success.
Have a great week.