Financials: Robinhood Earnings and a SPAC Disappointment

Industry Focus

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4.6 • 854 Ratings

🗓️ 23 August 2021

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

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Summary

Here's the top stories from the financial sector this week.

Intro: In this episode of Industry Focus: Financials, host Jason Moser and Fool.com contributor Matt Frankel, CFP, dig into the first earnings report Robinhood (NASDAQ: HOOD) has issued as a public company. Also, we recently learned Wells Fargo (NYSE: WFC) reversed course on a not-so-popular adjustment to its business, and Matt thinks it's a welcome change. Finally, Bill Ackman's mega-SPAC Pershing Square Tontine Holdings (NYSE: PSTH) has made a major strategy change, and it could be time for investors to move on.

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 Seyphill. I'm Dylan Lewis. And today
0:16.0	we're talking financials. Today we're talking consumer goods. Wild Card Wednesday.
0:20.6	And we're talking energy. And today we're talking tech. Let's dive in.
0:27.2	It's Monday, August 23rd. I'm your host, Jason Moser. And on this week's financial show,
0:31.5	we'll take a look at Robin Hood's earnings season
0:33.6	premiere. Wells Fargo's had a bit of a change of heart and Bill Spackman's plans take
0:39.2	well another turn. Joining me at certified financial planner,
0:43.8	Mr. Matt, Frankle, Matt, how's everything going?
0:46.8	Just great, it's finally not raining,
0:49.0	it was raining all weekend here, so there's that. Yeah, yeah, it seemed like we kind of we kind of got away
0:55.8	with one here is tropical storm now I guess it was hurricane at the time and
0:59.6	would you call it Henry or would you call it? Oh, it depends where you are, I guess.
1:05.1	Yeah, I mean, I took a lot of French growing up,
1:07.3	and so my default, when I see the spelling,
1:10.2	it's to call it Hurricane Henri oh, but then I feel kind of,
1:15.0	it doesn't make me feel very good,
1:17.0	so I just want to call it Henry.
1:18.0	Yeah, makes sense.
1:20.0	So Henry, at least we skated, you know,
1:22.0	the worst of Henry, and least we skated, you know, the worst of Henry and hopefully our neighbors up to the north are all getting by okay.
1:26.6	It looks like it could have been worse, but yeah, beautiful day here in Northern Virginia as well.
	...

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