Expectations for the Big Six Banks in Q2

Jenny Montgomery Scott's Chris marinac and Leslie Picker join Kelly Wallace to talk about the beleaguered regionals. The big six banks have taken down their q2 projections for the big six by 20 percent on average from estimates they had laid out at the start of the year just six months ago. Bank regulations are quickly changing the direction of the economy is uncertain so banks are likely to hold onto their capital rather than giving it back through buybacks or putting away reserves in order to protect against those risks much of this already priced into bank stocks though with valuations well below historical averages.