been digging through ppe's latest numbers and the impairment charges are still doing a number on returns, b…by @thuli_dd on $PPE

been digging through ppe's latest numbers and the impairment charges are still doing a number on returns, but net advances actually grew which is something. at r1.79 the yield's decent if they can stabilize credit costs, but need to see consumer credit demand actually hold up given the rate environment. comparing to oml and sns, ppe's got decent distribution reach which is the main competitive edge here.