Herman Chan

We're still seeing a lot of GDP growth still chugging along.

But there is going to be the question, are the higher energy prices going to create some cracks in the consumer side?

We're still seeing a lot of GDP growth still chugging along.

But there is going to be the question, are the higher energy prices going to create some cracks in the consumer side?

We're still seeing a lot of GDP growth still chugging along, but there is going to be the question, are the higher energy prices going to create some cracks in the consumer side?

We're seeing improving net interest income, some margin expansion, growing the balance sheet.

We're seeing some acceleration in loan growth and deposit trends look good.

And credit's really stable.

So despite some of the economic uncertainties and potential issues surrounding unemployment, the banks are talking about really stable consumer trends.

So we'd expect that to continue.

We're seeing improving net interest income, some margin expansion, growing the balance sheet.

We're seeing some acceleration in loan growth and deposit trends look good.

And credit's really stable.

So despite some of the economic uncertainties and potential issues surrounding unemployment, the banks are talking about really stable consumer trends.

So we'd expect that to continue.

lot of sector rotation into banks and financials in general.

And you have a higher bar and higher expectations heading into the fourth quarter results.

You saw that with JP Morgan yesterday where the stock was down.

And now you've seen Bank of America, Citi and Wells Fargo also weaker in today's trading session.

I would say that Wells Fargo missed estimates.