Matt Frankel

With the adoption of this upcharge model, it has more profit potential and needle-moving potential than its competitors.

It's an interesting company to me right now.

Well, I'm definitely going to steal the volatility and vibes thing for an article.

That's pretty awesome.

But generally speaking, the bank earnings have been really solid so far.

All of the big four, that's JPMorgan Chase, Wells Fargo, Citigroup, and Bank of America, all of them beat expectations, both on the top and bottom lines.

Interest income has been a very strong point, which is to be expected as Fed rate cuts generally result in lower deposit costs for banks.

For example, Bank of America's net interest margin grew by 11 basis points year over year.

The bank expects 5% to 7% additional net interest income growth this year.

Very strong.

Equities trading was another strong point.

Like you mentioned, investment banking loves volatility.

It's common in times of market turbulence.

Bank of America and JPMorgan Chase, just to name another two examples, in addition to Goldman and Morgan, they saw equities trading revenue rise by 23% and 40%, respectively.

Another interesting trend that I saw is, consumers appear to be stronger than many experts thought, or at least more confident, maybe not stronger.

Deposit growth has been stronger than I thought.

Loan growth has really been stronger than I thought.

Bank of America's loan portfolio grew 8% year over year.

And most banks have reported lower than expected loan loss provisions, indicating that their loans are performing well.

The big question, in my mind anyway, is, why did the big four bank stocks drop after earnings yesterday?