I need to flag that CPI's net interest margin has been under real pressure for a while now, and at 4743.54…by @pedant_pete on $CPI

I need to flag that CPI's net interest margin has been under real pressure for a while now, and at 4743.54 the valuation doesn't really compensate you for that. The deposit franchise is strong but margins are just getting squeezed harder than peers, and unless lending growth picks up materially it's a grind rather than a compounding story from here.