Big Banks Bracing for a Recession
Investing Insights
Morningstar, Ivanna Hampton, Sarah Hansen
4.2 • 539 Ratings
🗓️ 20 January 2023
⏱️ 26 minutes
🧾️ Download transcript
Summary
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Please stay tuned for important disclosure information at the conclusion of this episode. |
| 0:06.2 | Here's what's ahead on this week's Investing Insights. Disney strikes back and a proxy fight against an activist investor. |
| 0:13.6 | Why Morningstar thinks the board edition would bring value. Plus, some big banks are building up their savings to shield against a recession. |
| 0:22.0 | Our banking industry analysts weighs in. |
| 0:24.6 | And a pair of 529 plans are earning top marks. |
| 0:28.9 | We'll tell you which and what makes them the best. |
| 0:31.4 | This is Investing Insights. |
| 0:44.4 | Welcome to Investing Insights. I'm your host, Ivana Hampton, and let's get started with a look at the Morning Star headlines. |
| 0:52.2 | Disney is pushing back in the proxy fight against activist investor Nelson Pelt and his tri-on partners. |
| 0:55.5 | Peltz wants a board seat to address perceived issues, |
| 1:01.3 | including weak governance and financial underperformance. In a securities filing, Disney said, quote, Nelson Pelt does not understand Disney's businesses and lacks the skills and experience |
| 1:07.5 | to assist the board in delivering shareholder value in a rapidly shifting media |
| 1:12.5 | ecosystem. Morningstar believes this proxy fight was basically inevitable. Morningstar doesn't agree with |
| 1:19.0 | all of Peltz's concerns, but thinks his perspective would add value to Disney's insular board. |
| 1:25.2 | We expect that he'll continue to fight until the shareholder vote or he's placed on the board. |
| 1:30.2 | Peltz's team outlines six objectives. |
| 1:32.8 | The list includes ensuring a successful CEO succession within two years instead of replacing |
| 1:38.1 | Bob Iger now. |
| 1:39.7 | Morningstar still believes Iger will extend his stay once again. |
| 1:42.8 | And we're maintaining our $555 |
| 1:46.1 | estimate of what we think Disney stock is worth. Haines closed the fourth quarter with some |
| 1:51.8 | positive news for shareholders as it begins a search for a new CFO. Net sales came in slightly |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Morningstar, Ivanna Hampton, Sarah Hansen, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Morningstar, Ivanna Hampton, Sarah Hansen and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

