Mark Batty
Mark Batty
business credit despite fargo higher interest loan looks mortgage quality remains robust strong
Wells Fargo looks good. It had strong loan growth, credit quality remains stable, and the mortgage business looks robust despite higher interest rates.
business hard meaningful
The institutional business is very competitive. If you don't have meaningful scale, it's hard to compete.
businesses cash checks consumers credit express looked numbers small switching trend
The numbers looked good. American Express is benefiting from the longer-term trend of consumers and small businesses switching from cash and checks to credit cards.
banks capital good investment markets seeing wind
The wind is at their back in many of their businesses. We're seeing out of the investment banks good capital markets business.
advance environment high marks portfolio rate reducing securities themselves
I give them high marks for positioning themselves for a challenging rate environment, and reducing their securities portfolio well in advance of other banks.
appears asset fargo growth quality strong
Clearly, Wells Fargo is one of the better-positioned banks. It is in growth markets, has strong asset quality and profitability metrics and its valuation appears reasonable.
chuck grow prince question
The question for Chuck Prince is, Can he grow the bank?
areas attribute curve difficult flat funding growth higher seems yield
There are areas of weakness. It seems growth is difficult for banks, which I would attribute to a flat yield curve and higher funding costs.