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Chris Whalen: “Higher For Longer” Interest Rate Regime Is Bad For Banks

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Manage episode 413732038 series 3300108
Content provided by Blockworks. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Blockworks or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Forward Guidance is sponsored by VanEck.

Learn more about VanEck Bitcoin Trust (HODL) http://vaneck.com/HODLFG.

VanEck Bitcoin Trust (HODL) Prospectus: https://vaneck.com/us/hodlprospectus.

__

Follow Chris Whalen on Twitter https://twitter.com/rcwhalen

Follow VanEck on Twitter https://twitter.com/vaneck_us

Follow Jack Farley on Twitter https://twitter.com/JackFarley96

Follow Forward Guidance on Twitter https://twitter.com/ForwardGuidance

Follow Blockworks on Twitter https://twitter.com/Blockworks_

__

Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

Timestamps

(00:00) Introduction

(00:37) Banking Net Interest Income Is "Flat To Down"

(04:26) Commercial Real Estate (CRE)

(13:26) VanEck Ad

(14:26)

(17:31) Consumer Deposits Have Become "Toxic"

(20:07) Schwab

(22:15) Chris Expects Mid-Size Banks To "Do Better Than The Big Guys" Next Year

(24:43) If There's No Recession, Are Bank Stocks Still Cheap?

(27:41) Higher For Longer Will Continue To Be Bad For Banks' Core Business of Taking Deposits And Making Loans

(30:19) Bank of America Should Be "Spanked"

(32:59) Only A Few Fed Cuts Are Needed To Improve Banks' Position

(35:13) Consumer Credit Continues To Be Fine ("Not Even At 2019 Levels")

(37:10) Credit Risk Issues For Banks Are Primarily In CRE

(38:12) New York Community Bank

  continue reading

396 episodes

Artwork
iconShare
 
Manage episode 413732038 series 3300108
Content provided by Blockworks. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Blockworks or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Forward Guidance is sponsored by VanEck.

Learn more about VanEck Bitcoin Trust (HODL) http://vaneck.com/HODLFG.

VanEck Bitcoin Trust (HODL) Prospectus: https://vaneck.com/us/hodlprospectus.

__

Follow Chris Whalen on Twitter https://twitter.com/rcwhalen

Follow VanEck on Twitter https://twitter.com/vaneck_us

Follow Jack Farley on Twitter https://twitter.com/JackFarley96

Follow Forward Guidance on Twitter https://twitter.com/ForwardGuidance

Follow Blockworks on Twitter https://twitter.com/Blockworks_

__

Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

Timestamps

(00:00) Introduction

(00:37) Banking Net Interest Income Is "Flat To Down"

(04:26) Commercial Real Estate (CRE)

(13:26) VanEck Ad

(14:26)

(17:31) Consumer Deposits Have Become "Toxic"

(20:07) Schwab

(22:15) Chris Expects Mid-Size Banks To "Do Better Than The Big Guys" Next Year

(24:43) If There's No Recession, Are Bank Stocks Still Cheap?

(27:41) Higher For Longer Will Continue To Be Bad For Banks' Core Business of Taking Deposits And Making Loans

(30:19) Bank of America Should Be "Spanked"

(32:59) Only A Few Fed Cuts Are Needed To Improve Banks' Position

(35:13) Consumer Credit Continues To Be Fine ("Not Even At 2019 Levels")

(37:10) Credit Risk Issues For Banks Are Primarily In CRE

(38:12) New York Community Bank

  continue reading

396 episodes

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