Wrapping up the BAC Q4 2010 analysis and check out this doozy of a chart, Total Revenue (net of interest expense) VS Efficiency Ratio. In other words, a measure of how much you have to work with and how efficient you are in that work.
So we see falling revenues and a rising efficiency ratio (which really should be called an inefficiency ratio based on the way it is calculated). Either this economy better respond fast or they better get expenses under control. Both of which seem rather lofty goals in the current environment.
So we see falling revenues and a rising efficiency ratio (which really should be called an inefficiency ratio based on the way it is calculated). Either this economy better respond fast or they better get expenses under control. Both of which seem rather lofty goals in the current environment.
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