Financials: 2 Smaller Banks to Watch and the COVID-19 Impact on Insurance

Industry Focus

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4.6 • 854 Ratings

🗓️ 27 April 2020

⏱️ 27 minutes

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Summary

In this week's installment of Industry Focus: Financials, host Jason Moser and Fool.com contributor Matt Frankel, CFP take a deep dive into the latest earnings from Live Oak Bancshares (NYSE: LOB) and Ameris Bancorp (NASDAQ: ABCB), and then take a closer look at Travelers Insurance (NYSE: TRV) and how the COVID-19 pandemic could impact the insurance industry. Finally, Moser and Frankel discuss why Markel (NYSE: MKL) and Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) are on their radar this week.

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Transcript

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0:00.0	Welcome to Industry Focus. The podcast that dives into a different sector of the stock market each day.
0:11.5	I'm your host Emily Flippin. I'm Jason Moser. I'm Nick Saiple. I'm Dylan Lewis. And today we're talking financials. Today we're talking consumer goods.
0:20.0	Wild-C
0:18.0	Wednesday. And we're talking energy. and today we're talking tech.
0:24.0	Let's dive in.
0:25.0	It's Monday, April 27th.
0:29.0	I'm your host, Jason Moserolna.
0:30.0	Today's financial show, we're going to dig into a few more earnings reports from small banks.
0:34.6	We'll take a look at Travelers Insurance's most recent report to get a better idea of how the insurance industry is handling the current COVID environment.
0:41.3	Of course we've got a couple of stocks for you to watch
0:44.0	this coming week and joining me as always certified financial planner Matt Frankle
0:48.6	Matt has everything going. Hey pretty good happy Monday everybody listening. Hope you're having a good weather as we are in South Carolina.
0:56.5	You know, Austin now we're talking about this just before taping. It seems like we're not having that same good weather.
1:02.3	It's been kind of rainy here in Virginia the past few days and it doesn't seem like it's really letting up but who knows maybe this is a sign of
1:10.1	of good things to come. Maybe we're getting the bad weather out of the way first.
1:13.4	Yeah, well it's been, you know, in the 70s and sunny here. It's a night. In South Carolina,
1:18.8	you used to live here, right? Oh yeah. Yeah, grew up. So you know generally this time of year it goes from cold immediately to about 100 degrees.
1:26.4	So we're not having that this year, which is a really nice change.
1:30.6	Yeah, there's normally no spring. You just go right from winter into summer and then it's just like what happened to spring but sounds like you're getting a little bit there that's good.
1:38.0	Hopefully you're able to get out a little bit during this during this time or I mean obviously activities ground to a halt. But
1:46.2	Matt last week we talked a lot about the big banks earnings, you know the big banks
1:52.2	J.P. Morgan Bank of America, Wells Fargo, how those banks
	...

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