Matt Frankel

On a similar company, another fintech IPO that I'd love to see is Plaid.

That one's more likely to happen.

It was valued at about $6 billion in its latest funding round.

If you're not familiar, this is the company that connects bank accounts to other apps.

meaning including other banks.

For example, if you have one of those budgeting apps and you connect all of your bank accounts to it to be able to monitor everything in one place, Plaid is the company that generally facilitates that.

Like most pre-IPO businesses, the data on Plaid is very limited.

But we do know that revenue grew 25% last year to its highest level ever.

It wasn't that long ago that Visa wanted to buy Plaid.

They were actually under agreement to buy Plaid, I think, for $4 billion about three or four years ago.

They abandoned their plans because there were regulatory concerns that it would create an unfair advantage for Visa.

That's one that I'm really hoping goes public and I can dig into a little bit more.

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.