After the Tech Sell-off: Big Bank Earnings, Hot PPI, Tesla 11-day Win Streak Snapped 7/12/24
Squawk on the Street
Impacts of Interest Rates on Banks
The chapter discusses how higher interest rates have affected Wells Fargo and JP Morgan in different ways. It covers topics such as net interest income declines, stock performance, credit loss provisions, and uncertainties around asset caps and potential rate cuts. Additionally, it explores market shifts, regulatory challenges, and the concept of the Great Rotation in relation to banking and financial strategies.
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