The banks are back and you're listening to Motley Full Money. I'm Ricky Mulvey joined today by Matt Frankel. He keeps an eye on the banks and

Matt it's good to see you.

Good to see you too. It's actually been a surprisingly good year to be a bank stock

investor. You wouldn't think that by looking at some of the

numbers and interest rates and stuff like that. But the stocks have done well.

Think about the global situation, the macro situation, the banks are chugging along and

one of them is one I know you keep an eye on and that's Bank of America.

Reported a couple of days ago, but because you follow it closely, I wanted to check in on it with you.

A few of the highlights are that it's another record quarter for their equities traders rising about 20% there to

almost 2 billion dollars net interest income they're still saying it's in a

trough and Bank of America is not unique in that

situation with higher for longer interest rates. They're now managing about 5.7

trillion dollars. That's a lot of money and worth noting.

And they're also expecting credit card delinquencies

to improve in the second half of the year.

That's the menu of what's going on with Bank of America.

Anything in there really stand out to you. Maybe the fact that you used the word expectation a few times,

which I'm sure we'll talk about that in a little bit.

But the net interest income is an interesting,

it's interesting because they've been saying for a long time and it's not just

this quarter's prediction, they've been saying for a long time that net interest income would bottom

in the second quarter. So it's not really, I don't think it's as surprising as the market seems to that they say it's going to go up at the second half of the year

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