JPMorgan, Citi Consumer Success Is Sustainable: Bank Analyst Cassidy

The video discusses the strong performance of JP Morgan and Citigroup, highlighting their consumer banking and capital market results. It explores the sustainability of these results, given the low unemployment rate and wage gains. The impact of Fed rate changes on bank margins is analyzed, with expectations of easing pressure and potential margin improvements. The video also covers loan reserves and credit quality, noting improved credit conditions and stronger underwriting standards post-2008 financial crisis.

What is the significance of the yield curve steepening mentioned in the text?

What new accounting treatment is mentioned in relation to loan reserves?