KBW's Cannon Says Big Banks Are Fairly Valued

The video discusses the financial performance of Goldman Sachs and Bank of America, highlighting a decline in fixed income trading and interest income. Despite some bright spots, core business areas have disappointed investors. The discussion covers market expectations, bank valuations, and the impact of regulatory changes on bank mergers. Large banks are seen as fairly valued with potential upside, while smaller banks are fully valued. Regulatory changes may accelerate smaller bank mergers.

What is the market cap range mentioned for smaller banks?

What regulatory changes are expected to help move bank mergers through faster?