Christopher Harris's questions to AMTD IDEA (AMTD) leadership • Q3 2019
Question
Christopher Harris from Wells Fargo Securities questioned the outlook for Bank Deposit Account (BDA) balance growth, noting a decline in the quarter and in June.
Answer
EVP & CFO Stephen Boyle acknowledged mixed indicators but pointed out that BDA balances increased from May to June and again from June to July. He expressed optimism that pressure on balances should abate with potential interest rate cuts.