Portales Partners founder and Wall Street Beats partner Charlie Peabody comes on Market Domination to talk about the prevalent themes emerging in bank earnings, such as"Short term, there's momentum in the capital markets. And so Goldman is a good momentum play, but we argue that their earnings stream remains much more cyclical than the market is valuing them at," Peabody states.
Um So I, I think, you know, we're seeing the best um of that stock price right here right now and, and I would certainly sell it on the flip side. Um, they're, you know, in the midst of a simplification reorganization process, that's going to allow them to bring their expense structure down from 54 billion this year to 51 billion by 2026.
I think it's gonna be more of the same, you know, strong um investment banking um with an eye towards a pickup in M and A and IP OS in the second half of the year.Um I'm looking for a dollar um 68 in the quarter on about 14.1 billion of revenues. Cathie Wood's investment fund, Ark Invest sold at least $4.5 million worth of Nvidia stock this year, per The Wall Street Journal.