Expect An Increase In Bank M&A Activity: Earnings Ahead

Citi’s (C) jump in investment banking fees bodes well for GS, MS, and BAC, notes Dory Wiley. He discusses big banks as they kick off 3Q earnings season. He talks about how there are no signs of credit issues yet. He highlights how deposit cost control will continue to be an issue along with correcting balance sheet structure. He mentions that we should expect an increase in bank M&A activity. He then goes over what lies ahead for Exxon Mobil (XOM) and Pioneer (PXD) after the merger. Tune in to find out more about the stock market today.