Portfolio Manager Ellen Hazen, CFA, Quoted in MarketWatch

Portfolio Manager Ellen Hazen, CFA, talked to MarketWatch about her expectations for fourth quarter 2021 bank earnings. The story, titled “Wells Fargo outshines JPMorgan as big banks kick off the fourth-quarter earnings season” discusses some of the recent bank earnings reports. Ellen commented….

“Management has already indicated that it is willing to use its strong balance sheet to invest in the business,” Hazen told MarketWatch. “Right now, two areas stand out: compensation expenses and fintech investments. Note, the latter is likely to be a short-term pain, long-term gain investment. Competing with well-funded fintech companies will cost JPM in the short-term, but will allow it to continue its dominance among consumers in the long-term.”

“We are looking for more signs of loan growth, as well as plans by JPMorgan to invest in technology to compete with fintech rivals. Competing with well-funded fintech companies will cost JPM in the short-term, but will allow it to continue its dominance among consumers in the long-term.”

Read More

Disclosure: Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal. Portfolio composition and security selection criteria are subject to change based on market conditions. Any mention of specific securities or investments are for illustrative purposes only.  Adviser’s clients may or may not hold the securities discussed in their portfolios.  Adviser makes no representations that any of the securities discussed have been or will be profitable.

Is Your Portfolio “Sustainable”?

Sustainable investing in all its forms is surging.   As you can see in the chart below, over $100...

To Repay or Not to Repay? PPP and Deductible Expenses – UPDATED

UPDATE: The long-awaited Coronavirus relief legislation to provide needed funding to individuals...

Fear and Greed

It is said that fear and greed impact investment markets. Investors recognize that too much fear...