nCino, Man!
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 14 July 2020
⏱️ 17 minutes
🧾️ Download transcript
Summary
nCino, a provider of cloud-based software for financial institutions, goes public with the hottest IPO since Beyond Meat. Wells Fargo and JP Morgan Chase deliver 2nd-quarter reports with one big different: trading revenue. Shares of Delta Airlines fall on a rough 2nd-quarter report and plans for recovery. Jason Moser analyzes those stories and shares the boots-on-the-ground research he’ll be doing later this week.
Transcript
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| 0:00.0 | It's Tuesday, July 14th. |
| 0:04.0 | Welcome to Mark Foolery. |
| 0:05.0 | I'm Chris Hill with me today. |
| 0:07.0 | Mr. Jason, Moser. |
| 0:08.0 | Good to see you. |
| 0:09.0 | Hey, hey, good to see you. |
| 0:11.0 | We've got airlines, we've got a red-hot IPO that we're going to get to. |
| 0:16.2 | We're going to start though with the Big Banks. |
| 0:18.6 | J.P. Morgan Chase and Wells Fargo both out with second quarter reports shares at Wells Fargo down about 5% as |
| 0:26.2 | you and I are talking now J. C. C. J.P. Morgan Chase slightly in the positive range |
| 0:31.5 | and look you slightly in the positive range. |
| 0:32.6 | And look, you host industry focus on Mondays, |
| 0:37.2 | focusing on banking and financials. |
| 0:39.1 | You know this world better than I do. |
| 0:40.9 | To my untrained eye, the main difference here in these two quarterly |
| 0:46.0 | results is investment banking. I mean J.P. Morgan Chase posted nearly |
| 0:51.6 | 10 billion dollars in trading revenue this quarter. |
| 0:55.4 | That's a record for them. |
| 0:57.6 | That certainly is a tool in their toolkit that Wells Fargo just doesn't have. |
| 1:03.0 | Yeah, and you know, I did make a point in the notes this morning. |
| 1:07.0 | I said, thank goodness for investment banking because you're right in the case of |
| 1:11.0 | J.P. Morgan, I mean investment banking was |
... |
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