Longtime investor and trader Jim Lebenthal said he's favoring big banks over small lenders heading into the earnings season. "The big banks should have been beneficiaries of what went on last month with Silicon Valley Bank and Signature Bank, meaning they got deposit inflows from the smaller banks," Lebenthal said. "I think we should favor the big banks over the smaller banks just because of their overall strength.
how they're all feeling about the health of the banking system," Lebenthal said. "Is there further pressure on balance sheets? Are there further deposit outflows not just from small banks to big banks, but from all banks to money market funds?" The collapses of Silicon Valley Bank and Signature Bank last month — the second- and third-largest bank failures in U.S.
I watched CNBC all day yesterday, and today… gold is approaching an ALL TIME high, yet not a single person has mentioned gold on the network. All this talk about bitcoin but BTC is worth half of what it was a year ago.
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JPM should’ve benefitted from the banking crisis, I think that’s the expectation. We came into the markets today looking forward to that sentiment