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Stocks B / Berkshire Hathaway


Subject:  Re: Maystery purchase Date:  11/4/2018  12:37 PM
Author:  Gator1984 Number:  239438 of 243205

FYI. The FDIC surcharge from the great recession expires at the end of 2018. Therefore bank FDIC insurance cost will decline to pre recession levels. This will save WFC $500 MM+ in annual expense I believe, I assume BAC will benefit nicely as well.

So WFC will benefit from rising NIM. ?
lower FDIC insurance $500 MM +
lower amortization expense from old items rolling off. $800 MM ish.

BAC should at lest benefit as well from the first 2 items above.
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