SIX MORE WEEKS OF WINTER.
AS IS MARKET CELLS ARE.
DEUTSCHE BANK UNDER PRESSURE.
IT ENDED ANOTHER YEAR IN THE
RED
IT ENDED ANOTHER YEAR IN THE RED THE STOCK IS DOWN 5.3%
AFTER REPORTING A LOSS OF
NEARLY $3 BILLION IT WAS HURT
BY THE U.S. TAX LAW AND THAT
DECLINE IN INVESTMENT
BANKING.
WE WANT TO LOOK BROADLY AT THE
SECTOR RIGHT NOW.
JOINING US RIGHT NOW TO TALK
ABOUT FINANCIALS NEIL DARR.
THE HAVE OF FINANCIAL SERVICES
AND IT'S GOOD TO SEE YOU.
WE HAD BEEN LOOKING AT THE
FINANCIAL SERVICE SECTOR
WE HAD BEEN LOOKING AT THE FINANCIAL SERVICE SECTOR ON
THE RUNWAY THERE.
AND WE LOOK AT REGULATION THE
FACT THAT WE HAVEN'T SEEN
REALLY THE REGULATORY
ROLLBACKS HIT THE BANKS YET DO
YOU FEEL LIKE WE ARE ENTERING
A TIME THAT IS POSITIVE FOR
REGULATIONS IS COMING.
AND ECONOMIC GROWTH ABOUT 5.4%
GROWTH.
THAT HAS TO BE A GOOD RECIPE
FOR THE BANK.
THE MARKETPLACE AS A WHOLE.
DID A PRETTY GOOD EARNING
SEASON.
THEY ARE GOING TO A THROUGH A
LOT OF DIFFERENT CHANGES.
A MORE STABLE TYPE OF FEE.
THEY ARE GOING THROUGH
TRANSFORMATION.
AND HOW BANKING IS DONE.
THEY ARE GOING TO MASSIVE
CHANGES.
AND A NUMBER OF CEOS HAVE TOLD
US ON THIS PROGRAM THAT THEY
ARE ENTERING A TIME THAT LOOKS
WE HAVEN'T REALLY SEEN ANY
THINK OF THIS AS A VAST IRAQ
OR SEEK WHICH IS LIKE SAND IN
ROLLBACK GOOD REGULATIONS.
WE NEED TO PROTECT CONSUMERS.
THEY KNOW IT WHEN THEY GO TO
THE DMV.
THE TEAM TREASURY WORKING
WITHIN THE TREASURY WITHIN
PEOPLE THAT DON'T LIKE THE
REBOUND SOME REGULATION.
WE PUT IN THE MONEY.
WE HAVE THE HIGHEST INTEREST.
THERE IS A LOT OF RHETORIC
THAT IS VERY NEGATIVE INTO THE
BUSINESS COMMUNITY.
AND LACK OF UNDERSTANDING I
THINK WHAT POWERED THE
IT EVERYWHERE IS NOT
IRRESPONSIBLE IS REALLY
CREATING.
ENORMOUS ENERGY.
HOW YOU GET AN ECONOMY GOING.
IN THE BROADER SECTOR IN THE
LONG TERM I THINK WHAT WE SAW
DIFFERENT NEWS COMING OUT WITH
A SPIKE IN RATES.
WE ARE GOING TO SEE WHAT
HAPPENS WITH BROADER INTEREST
RATES OVER TIME.
I DON'T GET ANYTHING
UNEXPECTED.
THE FINANCIALS ALSO SOLD OFF
THIS WEEK.
IT SHOULD BENEFIT FROM HIGHER
INTEREST RATES GOING FORWARD.
OVER THE COURSE OF THE YEAR.
I THINK WHAT WILL HAPPEN WITH
INTEREST RATES AS IT DOES HAVE
OVER 3%.
SOME LEVEL OF INCREASED
VOLATILITY.
BUT I THINK GENERALLY THE BANK
PEOPLE ARE FINALLY GETTING
IN THEIR PAYCHECKS STARTING
THIS WEEK.
THE HOMEOWNERSHIP HOME
OWNERSHIP LAST YEAR UP FOR THE
FIRST TIME SINCE 2004.
THAT WAS IN LARGE PART BECAUSE
OF MILLENIALS AND BUYING
HOMES.
GENERALLY SPEAKING AGAIN THAT
OPTIMISM IS CREEPING INTO THE
BROADER MARKET.
IT'S ABOUT FIVE WEEKS IN.
YOU ARE STARTING TO SEE WHAT
THAT MEANS FOR MAIN STREET
ALONG WITH BROADER BUSINESS
OUR COMMUNITY AND REGIONAL
BANKS ARE THEY FEELING IS GOOD
ABOUT BANKS AS WERE SEEN AT
THE BIG BANKS TALKING ABOUT.
HAVING THE SMALLER BANKS AT
AND WHICH BUSINESSES THEY WANT
TO BE.
IT'S A BIT IT IS A BIT OF TWO
DIFFERENT WORLDS.
I THINK YOU WILL SEE MORE
ACTIVITY.
KIND OF WORKING THROUGH WHAT
IS GOING THROUGH THAT.
>> I THINK IT WILL BE A GOOD
YEAR FOR THE FINANCIALS.
THE MOMENTUM THAT HAS BEEN
CARRIED THROUGH.