Financials: Second Quarter Bank Earnings Recap
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 19 July 2021
⏱️ 27 minutes
🧾️ Download transcript
Summary
We've now heard from all of the big banks, so on this week's Industry Focus: Financials, Matt and Jason are digging into the results. They're diving into the latest numbers from JPMorgan Chase (NYSE: JPM), Bank of America (NYSE: BAC), Wells Fargo (NYSE: WFC), and Goldman Sachs (NYSE: GS). Plus, we just learned that Bill Ackman's SPAC deal isn't going to happen, so what does it mean for Pershing Square Tontine Holdings (NYSE: PSTH) and its shareholders?
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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, July 19th. I'm your host Jason Moser and on this week's financial show |
| 0:31.0 | we've got some big banks earnings to get to. Unlike the Grateful Dead, it appears |
| 0:35.6 | the music has stopped for Bill Spackman's Universal Music Deal. And we've got a couple of stocks |
| 0:40.9 | to watch for the coming week. Joining me as always, certified financial planner, |
| 0:45.8 | Mr. Matt, Matt, how's everything going? |
| 0:48.4 | Dude, how are you doing today? |
| 0:50.3 | Hey, man, I've got no complaints, |
| 0:52.4 | and you know what they say even if I was complaining |
| 0:55.4 | There ain't nobody out there wants to listen anyway, so let's just uh we're gonna look at a glass |
| 0:59.4 | half full and say everything's doing just fine. |
| 1:02.0 | Uh, Matt last week we closed the show out with a preview, so to speak, |
| 1:10.0 | looking at the beginning of earning season in the banks that we're getting ready to report. |
| 1:17.5 | This week we are going to talk a little bit about the banks that this week on this |
| 1:25.0 | this week on this show and really all of the biggest banks |
| 1:30.0 | have reported so we wanted to go through really the four that really stood out to you |
| 1:36.7 | the most and so I wanted to kick the conversation off today with J.P. Morgan. We know going into this earning season, |
| 1:46.0 | Jamie Diamond, the CEO of the bank, definitely had some concerns that inflation |
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