Cheryl Pate Assesses 1Q Bank Earnings

Cheryl Pate, Portfolio Manager at Angel Oak Capital Advisors, talks the strong earnings numbers from Goldman Sachs and JPMorgan Chase. She says 1Q should see continued strength in credit and expects reserve releases to continue and likely surprise to the upside. She expects consolidation to accelerate in 2021. She thinks the regional banks have a lot of need for consolidation to take out costs.

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Cheryl Pate Assesses 1Q Bank Earnings

Cheryl Pate, Portfolio Manager at Angel Oak Capital Advisors, talks the strong earnings numbers from Goldman Sachs and JPMorgan Chase. She says 1Q should see continued strength in credit and expects reserve releases to continue and likely surprise to the upside. She expects consolidation to accelerate in 2021. She thinks the regional banks have a lot of need for consolidation to take out costs.

ON AIR
7:00 am
Market Overtime
replay

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