Ferdinand Season

Ferdinand Season kicks off.

We've got a few companies we're looking forward to sharing from, and our guest has a couple

of stocks he thinks are looking good at their current price.

If you're a long-term investor, you're in the right place.

We've got all that and more coming up right now.

We've got the latest headlines from Wall Street, financial planner Malcolm Etherages,

our guest this week, and as always, we've got a couple of stocks on our radar.

But we begin with the start of earnings season.

Three of Wall Street's biggest banks sharing fourth quarter reports on Friday morning, Wells

Fargo's profits and revenue came in much higher than expected, but City Group saw a rise

in expenses cutting into their profits, and JP Morgan Chase's results were overshadowed

by lowered guidance for 2022.

Jason, what's your headline for each one?

Well, we talked about 2022 being a better year for the banks, and I think it will be

to an extent, but it's not like 2021 was a bad year.

If you look at the numbers, JP Morgan's total return was just under 28%, Wells Fargo just

right at 61%, both outpacing the market.

So, one bad year, I'm sure some of that has to do with the anticipatory market pulling

forward some of those expectations for eventual higher interest rates.

But this was, I think, a quarter that really helped them set the table for 2022.

So let's start.

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