Today was the deadline for the Activision and Microsoft deal, but in the words attributed to Douglas Adams, I love deadlines. Morgan Stanley whipped a little bit on their net interest income component, but they have a lot of great momentum going in private wealth management. Ricky: As you go down in asset size from these really huge banks that are reporting now down to the regionals, even to community banks, which I like to invest in here and there? We'll see a more mixed bag as we go on.
When Silicon Valley Bank collapsed, some investors thought Charles Schwab could be next. But, the bank with $8 trillion in client assets is proving to be resilient.
(00:21) Ricky Mulvey and Asit Sharma discuss: - Schwab’s cash sorting problem. - Takeaways from bank earnings. - A deadline for the Microsoft/Activision deal whooshing by.
(11:21) Robert Brokamp answers listener questions about 529 plans, target-date funds, and investing in a 401(k).
Companies discussed: SCHW, MS, PNC, BAC, MSFT, ATVI
Pullback report: www.fool.com/pullback
Got a question for the show? Email us at podcasts at fool dot com.
Host: Ricky Mulvey Guests: Asit Sharma, Robert Brokamp Engineers: Dan Boyd, Rick Engdahl
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