Surveillance: Revenue Isn't Bank of America Story, Leon Says
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Show Notes
Ken Leon, Center for Financial Research and Analysis' head of equity research for banks, says millennials are more comfortable with online banking and that will hurt consumer banking headcount. Prior to that, UBS' Geoffrey Yu says he sees a stronger post-Brexit pound. Meghnad Desai, Official Monetary and Financial Institutions Forum chairman, says Donald Trump arrived with the economy in good shape, but with plenty of reserve power to grow. Finally, Bob Sinche, a global strategist at Amherst Pierpont, says markets are reacting to stronger global momentum and responding to reality instead of expectations about what comes next.
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