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

JPMorgan, Wells Fargo, Bank of America and Citi Beat Earnings Expectations, but Worries About Headwinds Remain

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

Read what our team is writing.

Eric Compton

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