Banks Benefitting Favorably from Interest Rates, RBC's Cassidy Says

The video discusses the performance of major banks like Wells Fargo and Citi, highlighting strong credit quality and net interest margins. It examines mixed results in investment banking, with equities performing better than debt. The discussion also covers the potential peak profitability of banks like JP Morgan, considering economic growth and market conditions. The outlook suggests that if the US economy continues to grow, banks may maintain profitability into 2020.

What factors could influence the peak profitability of banks in the near future?

What is the outlook for the banks if the US economy continues to grow?