Banks are getting whopping returns related to credit. Many times it's not rated types of debt that they're doing. So, Chanel is right. This is a big deal. Where it has impact on investors is does this in any way suppress return of capital, particularly buyback? We're not sure yet because these banks are generating so much earnings and available capital.
Ken Leon, Global Director of Industry and Equity Research at CFRA and Bloomberg News Wall Street Reporter Sonali Basak discuss earnings results from JPMorgan, Citi and Wells Fargo. Bloomberg News Managing Editor for Crypto stacy-marie ishmael an Alex Adelman, CEO of Lolli, talk about the latest news from the crypto market. Kurt Ritter, VP & General Manager of Sustainability, North America at Coca-Cola discusses the company’s sustainability initiatives. And we Drive to the Close with Nancy Tengler, CIO at Laffer Tengler Investments.
Hosts: Carol Massar and Matt Miller. Producer: Paul Brennan.
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