Big Banks Cash In, IBM Crashes Out
Summary
Host Tyler Crowe joins Lou Whiteman and Matt Frankel to analyze IBM’s 26% stock plunge following a preliminary earnings warning about shifted client spending. The trio then celebrates blockbuster results from major banks like JPMorgan and Citi, driven by strong trading and net interest income. Finally, they answer listener questions on purchasing T-bills and the investment case for restaurant tech company Toast.
Topics discussed
IBM stock drops 26% on preliminary earnings and CapEx shift
Big banks report blockbuster earnings driven by M&A and interest income
Listener Q&A: How to buy T-bills and why they are attractive now
Stock analysis: Is Toast a lost cause or still a strong buy?
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