The Intelligent Investing Podcast #155: $WFC / $BAC / $JPM; Analyzing Bank Stocks & The Banking Industry - Andrew Sather
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SummaryOn today's episode, I sit down with Andrew Sather who is a self-taught investor since 2012. He specializes in identifying value traps and avoiding stock market bankruptcies. You can also listen to his podcast - Investing For Beginners.
Show Notes[3:19] Bank Of America $BAC
[3:39] Just a crazy amount of capital that's flowing into these banks...
[6:30] Lending to the fed...
[7:51] Fintech
[8:50] $BAC and $WFC still attracting new deposits in a low interest rate environment
[10:42] Federal Reserve Bank Requirements
[12:27] I'm bullish on the industry in general...
[12:48] Bank Valuation Metrics
[16:45] Building an economic moat through customer service in banking
Resources- Seeking Alpha Articles by Andrew Sather
- E-Investing for Beginners
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