Financials: Big Banks Passed Their Stress Tests and Visa Makes a Major Acquisition
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 28 June 2021
⏱️ 31 minutes
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Summary
The Federal Reserve recently announced that all 23 banks subject to the 2021 stress tests passed with flying colors, clearing the way for dividend increases and new buyback plans. Plus, Visa (NYSE: V) is planning to acquire another open banking startup after its previous attempt to acquire Plaid didn't work out. Host Jason Moser and Fool.com contributor Matt Frankel, CFP, discuss these top stories and more on this week's episode.
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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. |
| 0:23.0 | Let's dive in. |
| 0:25.0 | It's Monday, June 28th. I'm your host Jason Moser and on this week's financial show we've got the latest in the round of bank stress tests. Visa is moving |
| 0:35.6 | past its failed bid for plaid. J.P. Morgan is waiting deeper into the |
| 0:40.3 | mortgage market and will wrap things up with a couple of stocks to watch |
| 0:43.8 | joining me as always it's certified financial planner mr. Matt |
| 0:47.4 | mr. Matt frankly Matt has everything going I am doing great it's a sunny hot day in |
| 0:51.1 | South Carolina hopefully it's an at least nice out where you are. |
| 0:54.4 | Well, it is a sunny hot day here in Northern Virginia as well. |
| 0:58.2 | So, I mean, hey, listen, it's summer. |
| 1:00.8 | It should be sunny and odd, right? |
| 1:02.1 | At least we got the pool open and if I |
| 1:03.8 | understand you understand correctly man you have a pool now is that right yeah if it |
| 1:07.8 | gets much hotter I might actually broadcast while I'm waiting in the pool |
| 1:11.6 | that that I want to be there for that I want to be there |
| 1:15.2 | give me a little heads up that's coming down the pike and we'll make sure to |
| 1:19.6 | adjust the show accordingly |
| 1:32.0 | Matt we had a lot of interesting news that came out through the course of last week and let's go ahead and just get to really what is the lead story I think for the week. you and I both agree the latest round of stress tests |
| 1:34.8 | I thought this was interesting from a number of different angles |
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