Reported about 8 hours ago
In a recent Yahoo Finance segment, Devin Ryan of Citizens JMP discusses how banks like JPMorgan, Wells Fargo, and Charles Schwab are positioned to gain from the Federal Reserve's recent interest rate cuts. While asset yields may decrease, Ryan emphasizes that funding costs will also drop, potentially stopping the flow of deposits to money markets. He also identifies Goldman Sachs as a strong contender due to its alternative asset management business and highlights Perella Weinberg as a small-cap opportunity with significant upside potential.
Source: YAHOO