Investment banking activity, including underwriting and M&A was weak in 4Q, says Chuck Lieberman. He discusses the takeaways from bank stock earnings highlighting Goldman Sachs (GS), Morgan Stanley (MS), JPMorgan (JPM), Wells Fargo (WFC), Citigroup (C), and Bank of America (BAC). He notes that loan defaults were low and banks have plenty of capital. Tom White then joins to demonstrate example trades using MS and GS. Tune in to find out more about the stock market today.
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