Why Big Banks Are Selling-Off

The podcast analyzes recent bank earnings, revealing a mixed picture despite generally positive results and outlooks. HSBC's Saul Martinez explains that high expectations led to negative stock reactions, as investors hoped for even stronger net interest income growth. The conversation shifts to Trump's proposal to cap credit card interest rates at 10%, which Martinez warns could devastate the credit card business and limit access to credit for many. Later, Semaphore's Rohan Goswami discusses the bidding war for Warner Brothers Discovery, highlighting the potential for a shareholder lawsuit due to a perceived bias against Paramount's offer. Finally, the show examines Delta's earnings, noting that premium cabin sales now exceed main cabin sales, illustrating the growing K-shaped economy.