An analysis of Bank of America's reliance on net interest income amidst uncertainty surrounding expected rate cuts, exploring the impact on the bank's revenue and credit card delinquencies. Additionally, a comparison between Zelle and Venmo in terms of user demographics and the changing sentiment towards Bank of America as its stock price surpasses book value despite some negative indicators.
The traders are making money and credit card delinquencies are hopefully plateauing.
(00:21) Matt Frankel and Ricky Mulvey discuss:
- Bank of America’s comeback story.
- What big financial institutions are counting on from the Fed.
- Why commercial real estate giant Prologis is getting into the data center business.
Then, (17:58) Motley Fool contributor Rachel Warren interviews Dhruv Nagrath, a director at Blackrock, about fixed income trends for investors to watch.
Companies discussed: BAC, WFC, PLD, DLR
Host: Ricky Mulvey
Guests: Matt Frankel, Rachel Warren, Dhruv Nagrath
Producer: Dylan Lewis
Engineers: Desiree Jones, Kyle Carruthers
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