Surveillance: Banking Tremor with El-Erian
Bloomberg Surveillance
00:00
The J.P. Morgan Story
We may have hit peak net interest margins, but looking back over the last five years of the large banks, only J.P. Morgan was able to grow net interest income from 2017. Max Abelson tearing this apart for top live right now. This is a surreal conversation. Their return on equity is 18%. They are minting money. Shh, don't let anyone know. Okay. So how much is this a J.P.'s story? And how much is it a broader banking story? Can that really will ultimately be the question through the rest of this year?
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