CBSH's Visa Exchange Gain to Fund Portfolio Repositioning, Boost NII

Commerce Bancshares books a $99M Visa exchange gain, then intends to sell $911M of low-yield bonds, aiming to lift NII over the coming quarters.
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Commerce Bancshares books a $99M Visa exchange gain, then intends to sell $911M of low-yield bonds, aiming to lift NII over the coming quarters.
Open original source