Big bank results on tap
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 12 July 2024
⏱️ 5 minutes
🧾️ Download transcript
Summary
Episode transcripts seekingalpha.com/wsb.
Show links:
Biggest stock movers today: TSLA, ERIC, and more
SA subscribers pitch stocks that could potentially replace Tesla in Magnificent 7
PayPal may profit from Apple-EU settlement, analyst says
AI made up a third of all VC funding this quarter, U.S. companies taking the lead - DataTrek
Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors every morning. |
| 0:08.0 | Good morning. Today is Friday, July 12th. I'm Julie Morgan. |
| 0:12.7 | Earning season is here. |
| 0:14.6 | Tesla's roboo taxi event may be delayed, |
| 0:17.9 | and Dollar General agrees to pay a fine. |
| 0:21.6 | The second quarter earning season shifts into higher gear today with some major banks releasing results and shares of most of a group of big banks have outstripped the S&P 500s advanced this year. |
| 0:34.1 | J.P. Morgan Chase and Wells Fargo |
| 0:36.3 | will be among those kicking off the parade of Q2 bank results. |
| 0:40.4 | Broadly for banks analysts say among the figures to watch are those for loan growth, |
| 0:45.0 | which are likely to remain soft in the face of still high interest rates. |
| 0:49.0 | Meanwhile, investment banking fees are likely to benefit as activity starts to rebound. |
| 0:55.9 | But prospects for the Federal Reserve to begin lowering borrowing costs in 2024 has helped |
| 1:01.6 | drive up the S&P 500 Banks Index by 19% this year. |
| 1:06.4 | Shares of five of six big banks whose results are in Wall Street Spotlight have moved |
| 1:11.2 | higher than the Banks Index and the 17% advance in the SMP 500 in |
| 1:16.5 | 2024. We're giving you a look at how shares of six major banks have performed year to date |
| 1:22.4 | ahead of Q2 results. |
| 1:24.4 | You can see that list in the transcript of this podcast. |
| 1:27.9 | We also have our big banks earnings calendar and preview. |
| 1:31.7 | A link to the article is in show notes along with a link to the |
| 1:35.0 | transcript. Tesla closed lower on Thursday after Bloomberg reported that the |
| 1:40.6 | company may be delaying its robot taxi event scheduled for August 8th. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Seeking Alpha, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Seeking Alpha and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.