What U.S. Tax Reform May Mean for Bank Earnings

The video discusses the challenges of the current earnings season, focusing on the implications of the new tax bill for investors and companies. It highlights the charges faced by banks like JP Morgan, Citigroup, and Goldman Sachs due to deferred tax asset write-downs and repatriation. Jamie Dimon's perspective on tax reform is also covered, emphasizing its potential economic benefits and impact on competitiveness, job creation, and wage growth.

What challenges are mentioned regarding the current earning season?

How does the speaker compare the current situation to last year?

What are the potential impacts of the tax bill on companies' earnings according to the speaker?

What specific charges are mentioned in relation to deferred tax assets?

What overall benefits does the speaker attribute to tax reform?