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Are Stocks Finding Traction? 7/15/22

Halftime Report

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Body's Building Loan Loss Reserves

We've moved to a slight underweight the banks. We still own the banks that we think are the most high quality. But i think you can learn a lot from looking at these bank earnings. Body's building loan loss reserves, right? So when you look at the underlying business,. hes city did incredibly well with new card volumes up 18 %. Branded card revenues up ten percent. Wells had mortgage banking revenue down 80%. And then j p morgan, with their capital markets exposure, they did have some good credicard information, but their capital Markets exposure with banking down 32% and investment banking down 32%.

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