Micron Shares Rising, Nike Earnings on Tap, and Virgin Galactic’s Commercial Launch 6/29/23
Morning Call
00:00
The Fed's View of Banks as Capital Returners
There may be a bit of a pause here with respect to capital returns. And I don't think that's necessarily a bad idea. If you look at yields right now, valuations are quite compelling. We've got price to earnings and price to book ratios that we haven't seen in many years. What doesn't kill banks will make them stronger here. JP Morgan Bank of America, Morgan Stanley, I would highlight. US Bank Corp, truest financial, PNC financial. These are companies that are very well diversified,. have great service territories, well capitalized.
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