Financials: Third-Quarter Bank Earnings, Subprime Mortgages, and The War on Cash Continues
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 15 October 2018
⏱️ 30 minutes
🧾️ Download transcript
Summary
The big U.S. banks kicked off third-quarter earnings season, and the results are pretty strong. Plus, Wells Fargo (NYSE: WFC) reported some much-needed good news.
Elsewhere in the financials sector, it looks like zero-down subprime mortgages could be making a comeback, Paypal is taking a big step towards monetizing its popular Venmo app, and Square’s CFO departure is putting tremendous pressure on the stock. In this episode of Industry Focus: Financials, host Jason Moser and Fool.com contributor Matt Frankel discuss all of these news items and more.
Transcript
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| 0:00.0 | Thanks to NetSuite by Oracle for supporting this episode of Industry Focus. |
| 0:04.0 | NetSuit is the business management software that handles every aspect of your business |
| 0:08.0 | in an easy-to-use cloud platform. |
| 0:10.0 | Get the free guide crushing the five barriers to growth at net suite.com slash fool. |
| 0:17.0 | That's net suite.com slash fool. |
| 0:20.0 | Welcome to Industry Focus, the podcast that dive fool. |
| 0:23.0 | Welcome to Industry Focus, the podcast that dives into a different sector of the stock market each day. |
| 0:27.0 | It's Monday, October 15th. |
| 0:29.0 | I'm your host, Jason Moseron on today's show. |
| 0:31.0 | We're going to talk about subprime mortgages. |
| 0:33.4 | We're going to give Matt Franklin opportunity to preview the Money 2020 show. |
| 0:38.0 | We're going to talk a little bit about earning season, but hey, that's gotten started now. |
| 0:42.1 | We've got banks all over the place here. |
| 0:43.7 | So hey, as always joining me today is certified financial planner Matt Frankel. |
| 0:48.8 | Matt, thanks for, thanks for joining us this week. I know you've got a busy couple of weeks here coming up with earnings season starting |
| 0:56.0 | and travel, but I appreciate you being able to whittle at the time here for us today. |
| 1:02.0 | Of course, I love this time of |
| 1:04.0 | of year earnings conferences and all kinds of fun stuff in football. |
| 1:07.0 | Yeah football well yeah I don't I don't know that I really want to dig too terribly |
| 1:11.1 | much into this past weekend because it kind of sucked for both of us. |
| 1:14.8 | Carolina gave up a close one there and man Wofford just got just got hammered by |
| 1:21.5 | Furman and Matt the worst part about that is that my wife went to Furman. |
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