Contact
Interest merit is a company that is easy to improve revenue environment by increasing interest rate.
The representative example is banks and insurance, but the interest rate rise is also景d by economic de ration risk, so it is simply not expressed as interest rate = financial stock height.
What changes in interest
The interest rate changes the cost of borrowing money and the yield you leave.
In the case of banks, when the borrowing interest rate and securities yield rise, the profit margin that is the difference between the deposit interest rate is easier to improve. Insurance companies may also improve operational yield by increasing long-term interest rate.
Benefit companies
| 領域 | 見方 |
|---|---|
| Megabank | Loan, foreign interest rate, commission income |
| Local Banks | 、 lending and regional views |
| Insurance | Bond Operation Yield, Liability Reserve |
| Non-bank | Pay attention to increasing procurement costs |
| Real Estate | Interest rate rise is inverted |
There are companies that increase the cost of beneficiary companies in the same finance.
Points to invest
In addition to interest rates, we also check borrowings, bad credits, deposit interest rates, national credit rating loss, and shareholder returns.
Even if the interest or interest is improved due to an increase in interest rate, the profit may not increase if the loan cost increases.
Risks
Interests are more prone to becoming a plus material for financial stocks, while the entire stock market can be a reversal as a discount rate rise.
In addition, if the market already incorporates interest, the material may be out of stock after the actual announcement.
Interest merit symbols are important to decompose and see which profit item the interest rate rises.
If you are a bank company, check both "Discovery and Improvement" and "Credit Cost".