Big Banks Sure Are Quiet These Days

Motley Fool Hidden Gems Investing

The Motley Fool

Business, Investing

4.3 • 3.1K Ratings

🗓️ 13 March 2023

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

Regulators seized another bank over the weekend, as the federal government came up with a plan to use money from a fund paid into by U.S. banks to make SVB's depositors whole again. (0:21) Jason Moser discusses: - Signature Bank failing and shares of First Republic Bank falling 60%. - Why "bailout" is probably not the right word to describe what's happening - How big banks like JPMorgan Chase and Bank of America are gaining strength simply by going about their business (11:20) We're celebrating our own version of "March Madness" by having analysts face off, bracket-style, as they go head-to-head over which stock is a better buy. Jim Gillies and Jim Mueller kick off the week with a biotech software company and a well-known real estate broker. Companies discussed: SIVB, SBNY, FRC, SCHW, BAC, JPM, SDGR, RMAX Host: Chris Hill Guests: Jason Moser, Jim Gillies, Jim Mueller Producer: Ricky Mulvey Engineers: Dan Boyd, Kyle Carruthers Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	We're kicking off our own version of March Madness.
0:08.5	Motley Fool Money starts now.
0:11.5	I'm Chris L. Joining me today, Motley Fool, Senior Analyst Jason Moser.
0:24.1	Thanks for being here.
0:25.1	Hey, thanks for having me.
0:27.6	So I said this on Friday show, the situation is fluid.
0:31.8	It continues to be that way.
0:33.6	And for anyone who missed it on Friday, you, me, and Matt Argusinger talked about Silicon
0:38.8	Valley Bank, the possibility that by Sunday night, Silicon Valley Bank could by then be
0:47.1	the property of another bank that is not the case.
0:50.4	What is the case is that signature bank, which is a commercial bank based in New York,
0:56.0	has also been seized by regulators, shares of first Republic Bank, which is based in California,
1:01.9	are down 60% as you and I are chatting on Monday afternoon.
1:07.2	And at one point today, shares of Charles Schwab.
1:11.6	Just plug in a long, I don't want to use the word boring, but I can't think of another,
1:16.1	just boring old short, I like Charles Schwab.
1:20.6	But at one point, Charles Schwab was down 20% this year.
1:24.5	And retirement plans are through Charles Schwab, right?
1:28.0	Right.
1:29.0	Which sort of got me wondering, like, wait, what's happening at Charles Schwab that has this
1:32.2	so, so there's a lot going on here.
1:36.6	Where do you want to start?
	...

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