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Motley Fool Money

Big Banks Roll On

Jul 18, 2024
29:13
Snipd AI
Dhruv Nagrath of Blackrock discusses fixed income trends. Bank of America's impressive performance and credit card delinquencies stabilizing. Prologis enters the data center business. Big financial institutions relying on the Fed. Commercial real estate dynamics and bond ETF popularity.
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Podcast summary created with Snipd AI

Quick takeaways

  • Bank of America predicts decreased credit card delinquencies.
  • Prologis experiences rising warehouse rents from eCommerce demand.

Deep dives

Bank of America Performance and Expectations

Bank of America reported a record quarter for equities traders with a 20% increase to almost $2 billion. Their net interest income is expected to improve despite being at a trough. The bank is managing $5.7 trillion and predicts credit card delinquencies to decrease in the latter part of the year.

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