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JPMorgan Chase & Co. (JPM.BA)
- Yahoo Finance
Bank of America CEO: The Federal Reserve is winning the war on inflation
Bank of America CEO Brian Moynihan weighs in on the fight against inflation and another solid quarter of consumer spending.
- Yahoo Finance
Wall Street says a Wall Street revival is finally here
Big bank bosses are not hiding their enthusiasm about Wall Street as first quarter jumps in investment banking spur new hopes for a sustained dealmaking revival.
- Yahoo Finance Video
Deposits are banking industry's 'boogeyman': Money manager
Bank of America (BAC) and Morgan Stanley (MS) were the latest Big Bank stocks to report first-quarter earnings on Tuesday. Both topped earnings and revenue estimates, a trend consistent for major financial players who have reported earnings so far. Hennessy Funds Portfolio Manager David Ellison joins Market Domination to discuss the biggest boons and challenges for the banking sector. "I think the boogeyman or the real new issue is what's going to happen to the deposit side," Ellison explains. "Since the Silicon Valley-First Republic issues of a year or so ago, the deposit side has really been exposed as a risk factor for the industry that we've never had. So you see most of these large banks losing non-interest bearing deposits to the market..." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.
