We Expect 3 Rate Hikes, Zentner Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 12 January 2018
⏱️ 26 minutes
🧾️ Download transcript
Summary
Brad Hintz, New York University Professor, and Dakin Campbell, Bloomberg Wall Street Reporter, start off earnings season with a review of JPMorgan's results. Ellen Zentner, Morgan Stanley Chief U.S. Economist, says a cyclical pickup in productivity can stretch the CapEx cycle. Neil Dhar, PwC Head of Financial Services, says U.S. banks are strong and they're getting stronger.
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| 0:00.0 | To me, context is about pattern recognition. |
| 0:02.8 | It's connecting the dots. |
| 0:04.4 | It's giving readers an ability to synthesize |
| 0:07.6 | a number of different perspectives |
| 0:09.2 | so they can understand how the greater whole works, |
| 0:12.0 | because nothing really occurs in isolation anymore. |
| 0:14.4 | I'm Tim O'Brien and I'm the senior executive editor at Bloomberg Opinion. |
| 0:18.0 | On our platform, we ask tough questions and solve complex problems with the facts in mind. |
| 0:23.0 | Start exploring our opinion coverage and more at Bloomberg.com slash subscribe. Welcome to the Bloomberg Surveillance Podcast, I'm Tom Keene. |
| 0:40.0 | Daily, we bring you inside. Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keene. |
| 0:43.5 | Daily, we bring you insight from the best |
| 0:45.9 | in economics, finance, investment, |
| 0:48.1 | and international relations. |
| 0:49.8 | Find Bloomberg Surveillance on Apple Podcasts SoundCloud, Bloomberg.com and of course on the |
| 0:56.4 | Bloomberg. We begin though with the quarterly earnings season with |
| 1:05.6 | J.P. Morgan down in the pre-market by about four-tenths of 1 percent. I'm going to whip |
| 1:09.8 | through some of the headline numbers. J.P. Morgan, four quarter adjusted revenue came at at $25.45 billion, |
| 1:16.5 | the estimate $25.51. |
| 1:18.6 | The fourth quarter adjusted EPS came in at $1.76 six cents fixed income trading revenue well below analyst |
| 1:26.1 | estimates these results of course include a 2.4 billion dollar charge as a result |
| 1:31.2 | of a tax bill and to get some guidance on where |
| 1:33.6 | JP moorkin sees the effective tax rate for 2018 they see it around 19 |
... |
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