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Industry Focus

Financials: Big Banks 3Q Earnings Review

Industry Focus

The Motley Fool

Interview, Money, Consumergoods, Business, Businessnews, Ceo, Technology, Investing, Stocks, Energy, Fool, Financial, Economy, Healthcare, News, Banking, Motley, Tech, Business News, Investments

4.6854 Ratings

🗓️ 18 October 2021

⏱️ 25 minutes

🧾️ Download transcript

Summary

Earnings season is now underway, and we've seen the latest numbers from all of the big U.S. banks. In this installment of Industry Focus: Financials, host Jason Moser and Fool.com contributor Matt Frankel discuss third quarter results from JPMorgan Chase (NYSE: JPM), Bank of America (NYSE: BAC), Wells Fargo (NYSE: WFC), Citigroup (NYSE: C), and Goldman Sachs (NYSE: GS). Hear which bank had the best quarter, and what stocks Jason and Matt are keeping an eye on 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.

0:11.0

I'm your host Emily Flippin. I'm Jason Moser. I'm Nick Seyple. I'm Dylan Lewis. And today

0:16.0

we're talking financials. Today we're talking consumer goods. Wild Card Wednesday.

0:20.4

And we're talking energy. And today we're talking tech. Let's dive in.

0:26.6

It's Monday October 18th. I'm your host Jason Moser. If you caught last week's financial show,

0:32.0

then you heard our earnings preview for the big banks.

0:35.6

This week we're jumping into what they all had to say with our earnings review here to make sense of it all.

0:42.0

It's the one, it's the only. Certified Financial Planers,

0:45.5

it's Mr. Matt Frankle. Matt has everything going. Oh, just fine. It's a nice sunny and not too hot day in South

0:50.8

Carolina, which you only get a few of those before winter our

0:54.0

fall is like a week long yeah yeah well it's contagious it's it's about that way

0:58.5

up here too in Virginia it's really nice sunny day cool outside seems like it outside, seems like it's really starting to turn into fall, which I think

1:06.8

we're all kind of happy about it.

1:08.6

I even got some Halloween decorating done over the weekend, Matt.

1:11.3

You know, my kids are very proud of what I put out there this year.

1:16.0

Yeah, our house is all decorated and we have a golf cart.

1:20.6

So one of my kids' favorite things to do this time of year is

1:22.7

drive around the neighborhood on the golf cart and look at all the decorations.

1:25.3

Nice nice nice good deal. Well Matt we were talking last week about all of the banks that were getting ready to announce earnings

1:36.4

as earnings season has gotten underway here and we wanted to circle back this week and take a look at these reports and see if there were any underlying themes and just generally see how these banks are doing.

1:49.0

It has been a much, much different year, I would say this year versus last for these big

1:54.9

banks or having a very good year to date for the most part and a good trailing 12

...

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