Investing Insights Big Banks Bracing for a Recession
In today’s episode, Eric Compton, a strategist with Morningstar Research Services, talks about banks saving for an economic downtown and where investors could find opportunities.
00:06 Intro
00:36 Disney Proxy Fight
01:48 Hanesbrands closes Q4 with positive news
02:38 Coinbase plans layoffs
03:46 What do JPMorgan, Bank of America, Citigroup and Wells Fargo's results tell us?
05:57 How do their current actions compare to what they've done before previous recessions?
08:00 How could a recession affect banks in the short term and the long term?
10:30 What's going on with Wells Fargo?
12:39 Citigroup is also in a turnaround mode. What's the upside and the downside from their fourth quarter?
15:05 If investors are looking for opportunities among the Big Four that we discussed today, what would you recommend?
18:00 The Best 529 Plans of 2023
Read about topics from this episode.
Trian Opens Proxy Fight With Disney; We Believe Peltz Could Add Value as a Board Member
Coinbase to Lay Off More Workers in Second Round of Cuts
Hanesbrands Alleviates Some Concerns by Reaching Modest Q4 Expectations; Shares Very Undervalued
Wells Fargo’s 2023 Outlook Shows That the Net Interest Income Boom May Be Over
Bank of America Beats Fourth-Quarter Earnings; Net Interest Income Outlook is Disappointing
Solid Q4 Results for Citigroup; Stock Remains Most Undervalued Among Banks
Solid Q4 2022 Earnings for JPMorgan; 2023 Outlook Is Good
What to watch from Morningstar.
Create a New Financial Plan for the New Year: Part One
Create a New Financial Plan for the New Year: Part Two
Stock and Bond Markets’ Wild Ride in 2022
RMD Sticker Shock? How to Ease Your Tax Burden
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