Financials: Venmo's New Credit Card, Square's New Investment, and a Preview of Bank Earnings
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 12 October 2020
⏱️ 30 minutes
🧾️ Download transcript
Summary
In this week's installment of Industry Focus: Financials, host Jason Moser and Fool.com contributor Matt Frankel, CFP take a closer look at the new Venmo credit card, what makes it unique, and why it could be a win for both PayPal (NASDAQ: PYPL) and Synchrony Financial (NYSE: SYF). Also, the pair takes a look atSquare's (NYSE: SQ) recently-announced investment in bitcoin. And finally, with earnings season upon us, hear what to watch as Wells Fargo (NYSE: WFC), Goldman Sachs (NYSE: GS), and Bank of America (NYSE: BAC) report third quarter results later 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 Seyphill. I'm Dylan Lewis. And today |
| 0:16.0 | we're talking financials. Today we're talking consumer goods. |
| 0:19.1 | Wildcar! Wednesday. And we're talking energy. and today we're talking tech. |
| 0:24.0 | Let's dive in. |
| 0:27.0 | It's Monday, October 12th. |
| 0:28.0 | I'm your host, Jason Moser, and on this week's financial show, |
| 0:31.0 | we've got a new war on cash credit card. Square is |
| 0:34.6 | taking its relationship with Bitcoin to the next level and in case you hadn't heard |
| 0:38.4 | its earnings Palusia Eve people, the banks start reporting tomorrow and we've got a couple of thoughts. |
| 0:45.0 | Joining me this week is always certified financial planner. |
| 0:48.0 | It's Mr. Matt, Frankle. Matt, how's everything going? |
| 0:51.0 | Hey, good to see everybody. Hope you had a nice weekend it's been |
| 0:54.1 | rainy in South Carolina but good weekend nevertheless good weekend got some good |
| 0:59.0 | football in there it's October fall is in the air. This kicks off a really nice stretch of the year. I think you know I mean you got October November December |
| 1:08.4 | December three fun holidays a lot of good food to eat You know you build a fire or two here and I mean it's it's I like this time of year a lot. |
| 1:16.2 | Me too. I think fall is my favorite if I had to pick a season. |
| 1:20.3 | Well, let's hope it just continues to be a good fall and let's hope everybody out there is staying happy and healthy. |
| 1:27.0 | You know, it seems like we're hopefully closer, closer to the end of all this chaos but you know we just keep on keeping on a couple of weeks ago when we were discussing PayPal and all the different types of things that |
| 1:46.4 | PayPal has been doing with the business, the Honey Acquisition, the different things that's doing |
| 1:50.4 | in regard to digital and mobile wallet and whatnot and |
| 1:52.8 | and PayPal came out with some news here recently in regard to the Venmo side of |
... |
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