What’s Behind a Red-Hot Quarter for Bank Earnings
WSJ What’s News
The Wall Street Journal
4.1 • 4.2K Ratings
🗓️ 14 July 2026
⏱️ 12 minutes
🔗️ Recording | Apple Podcasts | RSS
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| 0:00.0 | Access to affordable credit helps me pay my employees, but I don't really need it. |
| 0:05.0 | Infliction is killing me! |
| 0:08.0 | But who cares? Big retailers are making record profits! |
| 0:12.0 | That's why we support the Durban Marshall Credit Card Bill! |
| 0:15.0 | See? Banks and credit unions help small businesses make payroll. |
| 0:18.0 | This bill would cut the vital resources they need. |
| 0:25.1 | While increasing megastore profits, they deserve it. Don't they? |
| 0:29.9 | Tell Congress, stop the Durban Marshall money grab for corporate megastores. Paid for by the Electronic Payments Coalition. |
| 0:35.3 | Inflation cooled last month, offering some relief to Americans, but don't count on it to last. |
| 0:41.0 | Plus, big banks raked in soaring profits last quarter. |
| 0:44.4 | We're in a very healthy act of exuber and market, but very high prices and very high volumes, we benefit from that. |
| 0:51.3 | You just don't know how long it will continue. |
| 0:54.0 | And a T-Rex named Gus just |
| 0:56.0 | became the world's most expensive dinosaur. It's Tuesday, July 14th. I'm Alex O'Sullough for the |
| 1:02.3 | Wall Street Journal. This is the PM edition of What's News, the top headlines and business |
| 1:07.2 | stories that move the world today. |
| 1:17.3 | New data out today show that consumer prices were up 3.5% last month from a year earlier, |
| 1:21.4 | beating analyst expectations and giving Americans a bit of a break on inflation. |
| 1:23.8 | Prices rose somewhat more in May. |
| 1:26.0 | They were up 4.2% that month. The news came as Fed Chairman Kevin Warsh testified before Congress |
| 1:29.8 | today, telling lawmakers that the central bank won't tolerate high inflation. There might be some |
| 1:35.0 | that look at this morning's data and say, oh, mission accomplished, everything is swell. That is not my |
... |
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