Surveillance: U.S. Consumer Banking Very Strong, Cassidy Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 15 October 2019
⏱️ 28 minutes
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| 0:00.0 | The media alone can't ease the tensions that come from the debate surrounding the issues we deal with every day. |
| 0:05.7 | However, we can create spaces where people can freely kick the tires of their preconceived notions. |
| 0:11.2 | I'm Tim O'Brien, and I'm the senior executive editor at |
| 0:13.8 | Bloomberg Opinion. On our platform we ask tough questions and solve complex |
| 0:18.1 | problems with the facts in mind. Because context changes how you see things and |
| 0:22.4 | how you change things. |
| 0:23.6 | Context changes everything. |
| 0:25.6 | Start exploring our opinion coverage and more at Bloomberg.com slash subscribe. Welcome to the Bloomberg surveillance podcast. I'm Tom Keene. |
| 0:43.6 | Daily, we bring you insight from the best in economics, finance, investment, and international |
| 0:48.9 | relations. |
| 0:49.9 | Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com, and of course, |
| 0:56.2 | on the Bloomberg. |
| 0:57.9 | I'm really pleased to say that joining Tom and I here in New York City is Allison Williams, |
| 1:01.3 | our senior analyst here at Bloomberg Intelligence |
| 1:03.6 | to run us through some of the numbers from JP Morgan. Allison aggressively |
| 1:07.7 | going through the press release so let's talk about it. The top line for you |
| 1:11.0 | Allison this morning. So I think the top line is the bottom line, the 18% return on tangible equity, which to us is extremely |
| 1:20.7 | impressive. |
| 1:21.3 | J.P. Morgan is already executing at the top end of peers. |
| 1:25.3 | And that shows that they continue to do so. |
| 1:27.1 | Looking at the guidance, I would say what's most positive |
| 1:30.1 | is the expense guide, which looks like it's coming in a little bit lower. |
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