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Pui Mong

Research Analyst at Bank of America Corp. /de/

Pui Mong is an equity research analyst at Bank of America, holding the position of Vice President and specializing in the coverage of Asian financial institutions. She follows a broad set of companies in the banking and insurance sectors across Asia, providing in-depth investment insights and recommendations to institutional clients. With over a decade of experience that includes prior roles at UBS and Credit Suisse, Pui Mong has been recognized for strong performance, achieving above-industry average success rates on stock calls and ranking well on platforms such as TipRanks for her timely and accurate forecasts. She holds FINRA Series 7 and 63 licenses, reflecting her commitment to regulatory standards and professional excellence in equity research.

Pui Mong's questions to BARCLAYS (BCS) leadership

Question · Q1 2025

Pui Mong from Bank of America asked about the US cards margin outlook if the Fed cuts rates more aggressively than expected. She also questioned the path to the >12% RoTE target for 2026, asking where consensus might be too pessimistic.

Answer

Executive Angela Cross explained that US cards' interest rate risk is hedged, with the offset appearing in non-NII, protecting overall income from margin compression. She reaffirmed confidence in the 2026 targets, citing diversified income growth, cost control, and an impairment outlook expected to remain within the guided 50-60 basis point range.

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