InvestTalk 1-18-2024 – Troubled Loans Are Putting Pressure on 4 Major Banks
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 19 January 2024
⏱️ 46 minutes
🧾️ Download transcript
Summary
Analysts say non-performing loans, or loans to debtors that haven’t made a payment in over 90 days, rose to a combined $24.4 billion in the last quarter of 2023.
(JPMorgan Chase, Bank of America, Wells Fargo and Citigroup could be at risk of losing $24 billion.)
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Transcript
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| 0:00.0 | This is invest talk. |
| 0:05.0 | Independent thinking, share success. |
| 0:08.0 | Justin Klein and Steve Peasley stand ready to take your finance and investment questions and share their |
| 0:15.1 | unbiased answers. |
| 0:17.1 | Invest Talk is made possible by KPP Financial, a registered investment advisor firm, serving clients throughout the United States. |
| 0:26.2 | The clarity for your path forward starts now. |
| 0:30.5 | Here is KPP Chief Executive Officer, Financial Advisor, Justin Clyde. |
| 0:37.0 | Good afternoon fellow investors and welcome back to Invest Talk. This is our |
| 0:45.8 | Thursday January 18th 2024 edition and I'm excited for this hour with you to help you become a better investor. |
| 0:57.0 | That's our job each day. |
| 0:59.0 | Being a good investor is not something that you suddenly find enlightenment and you're all the way |
| 1:07.7 | there and you don't have to do any more work and you know exactly what to do. |
| 1:11.1 | No. |
| 1:12.4 | It's really about... exactly what |
| 1:15.0 | to do. |
| 1:18.0 | to do. A journey to be the best that you can be. |
| 1:21.0 | And that's what professionals do. |
| 1:23.9 | We're always reading, updating ourselves |
| 1:26.1 | on what's happening in the markets, |
| 1:28.3 | new theories, new industries, new innovations, etc. |
| 1:33.6 | and all that helps guide decisions |
| 1:39.1 | that we make for clients. |
... |
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