MS' Graseck Says Banks Will Be Looking For Deals

The video discusses the current state of the banking sector, focusing on earnings expectations, deposit betas, and the impact of rate hikes. It highlights the potential for increased deal activity and examines credit issues, particularly in the subprime sector. The discussion also covers the value of major banks like JP Morgan and Wells Fargo, and their preparedness for a potential recession.

What factors are contributing to the low expectations for the earnings season?

How have deposit betas historically tracked during rate hike cycles?

What is the expected impact of the Fed's rate hikes on deposit betas in the coming months?

What are the implications of the current credit issues for subprime consumers?

Which bank is currently considered the best value and why?

How are banks expected to perform in a recession according to the discussion?

What is the significance of the Cecil accounting standard for banks during a recession?