Reported 7 months ago
During a recent press conference, Federal Reserve Chair Jerome Powell expressed optimism about the banking industry despite high interest rates. Zacks Investment Management Client Portfolio Manager Brian Mulberry highlights the importance of quality and scale for banks moving forward, emphasizing their resurgence. Meanwhile, Whalen Global Advisors Chairman Chris Whalen warns of potential challenges in the commercial banking sector due to the current interest rate environment, but notes resilience in the consumer banking sector. Mulberry and Whalen provide insights on the outlook for banks and suggest focusing on well-performing institutions for investment opportunities.
Source: YAHOO