1-13-2023 – Profits and Losses and a Tale of Two Banks
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 14 January 2023
⏱️ 46 minutes
🧾️ Download transcript
Summary
JPMorgan Chase posted a fourth-quarter 6% profit jump, while Citigroup’s fourth-quarter profit declined by 21%.
Today's Stocks & Topics: Margins, FCC and Crypto-currencies, Goldman Sachs, Mortgages, TGT - Target Corp., SITM - SiTime Corp., AMLP - Alerian MLP ETF, CAT - Caterpillar Inc., GOOG - Alphabet Inc. Cl C.
Plus: Key Benchmark Numbers and Market Comments for: Treasury Yields, Gold, Silver, Oil and Gasoline.
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Transcript
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| 0:00.0 | This is Invest Talk, independent thinking, shared success. |
| 0:08.9 | Just and client, Steve Peasley, stand ready to take your finance and investment questions |
| 0:14.1 | and share their unbiased answers. |
| 0:17.6 | Invest Talk is made possible by KPP Financial, a registered investment advisor firm, serving |
| 0:23.2 | clients throughout the United States. |
| 0:26.0 | The clarity for your path forward starts now. |
| 0:30.4 | Here is KPP Chief Executive Officer, Financial Advisor, Justin Klein. |
| 0:37.9 | Good afternoon fellow investors and welcome back to Invest Talk is our Friday, January |
| 0:43.4 | 13, 2023 edition of Invest Talk. |
| 0:47.9 | And we have just finished up the second trading week of the new year and I know it is Friday |
| 0:54.8 | at the 13th but don't be scared. |
| 1:00.1 | You know the market started off the year well so far but as with anything you can't just |
| 1:08.6 | take short period of time and extrapolate it forward and expect that to continue. |
| 1:13.3 | It is going to have its bright spot for the year and it is going to have some tough times. |
| 1:22.0 | Why? |
| 1:23.0 | Because we know that the economy is evolving both from a secular perspective, meaning the |
| 1:32.8 | globalization, reshoring, manufacturing, etc. |
| 1:39.2 | And also, cyclically, there are some bright spots, cyclically we are in a slowing economic |
| 1:49.6 | environment. |
| 1:52.1 | That means a lot of cross winds that you have to take into account. |
| 1:58.2 | And just like anything you can't be dogmatic about your viewpoints, you need to be flexible |
| 2:05.3 | of an open mind. |
... |
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