“Focus on the Fastball”

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.3 • 3.1K Ratings

🗓️ 16 January 2024

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

Earnings season begins again and the big banks lead the way. (00:21) Ricky Mulvey and Jason Moser discuss: - The “new” growth engine for Goldman Sachs - The macro risks that Morgan Stanley highlighted. - Why the CEO of Adidas gave his cell phone number to 60,000 people. Plus, (14:20) Robert Brokamp and Alison Southwick open up the member mailbag and answer your questions about investing a lump sum, saving for kids, and ABLE accounts. Stocks mentioned: GS, MS, ADDYY Epic Bundle discount link: www.fool.com/epic198 Got a question for the show? Our email is podcasts@fool.com Host: Ricky Mulvey Guests: Jason Moser, Alison Southwick, Robert Brokamp Producer: Mary Long Engineers: Dan Boyd, Rick Engdahl Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	earnings are back and banks are leading the way. You're listening to Motley Full Money. I'm Ricky Mulvey joined today by Jason Moser.
0:14.0	Thanks for being here. I'm Ricky Mulvey joined today by Jason Moser.
0:23.6	Jason thanks for being here.
0:24.9	Hey Ricky, how's everything?
0:26.8	Going all right, you know we had negative 30 degrees last night
0:29.8	in Denver, Colorado.
0:31.4	So I am intensely grateful to have a podcast
0:35.5	to keep me from getting bored.
0:36.9	Well, we had a lot of snow here in Northern Virginia
0:39.6	as well, at least a lot for us. So yeah, it's a nice inside day.
0:45.0	There you go.
0:46.0	I always worry about starting with the weather,
0:48.0	but I think I think negative 30 is enough to make a note of.
0:51.0	It's an attention-getter.
0:52.0	We got two big banks reporting today. Let's start with
0:54.8	Goldman Sachs. The headline for this quarter seems to be different based on your measuring stick if it's compared to if you do it
1:02.0	quarter by quarter or year by year.
1:04.0	But let's start with the positive.
1:05.4	Earnings for the quarter up 50% from a year ago.
1:07.9	So how does that happen for a massive bank like Goldman Sachs?
1:11.2	Yeah, I think for oftentimes the most obvious suspect here is in the loan loss provision
1:18.0	line item there.
	...

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