Looks like WIM is carrying the rest of the business. As WIM was up Big in all areas, even though efficiency was at 85% still making most of the $$$.
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Someone doesn't understand gross vs. net.
On a side note, CS was touting how great the non-interest income was over last year. Well duh, you sell a bunch of assets and business units, you get immediate growth to your non-interest income. Interest income was down significantly, not a good sign.
WIM has the highest expense ratio. Its one of the pieces that's sucking the life (and income) out of the bank the most and it should be the next piece Chucky sells off.
wrong
I hope this is sarcasm because it's the opposite of of what the earnings say. WIM has the smallest net income with the highest expense ratio of the 4 business reporting segments.
You’re not very good at reading earnings are you....