
Stocks rally on big bank earnings 10/17/22
Power Lunch
00:00
What Do You Expect From Bank of America?
Bank of America really maintained low deposit costs this quarter. And you can maybe argue they're over earning a little bit on that. So we would anticipate perhaps even a doubling of the deposit costs relative to the hiking interest rates next quarter. What do you think on Goldman tomorrow? I think it'll be a more challenging quarter than Bank of America because they don't have the net interest income. If you think about Morgan Stanley, I thought the street was too high on investment banking revenues,. They actually came in better than us, but below the street.
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