Tyler Crowe

The results from JPMorgan, Bank of America, Wells Fargo, and several others came out earlier this week.

We don't want to rehash the numbers too much.

Instead, I want to really focus on some of the big takeaways.

from either the outlooks or commentary that we saw in the market.

Matt, what stood out to you on this most recent round of updates?

I guess it goes to show what kind of personality I have, because I kind of focused in a little bit on the one negative market commentary that I think we saw in all of the banking stuff.

It was during the JP Morgan conference call.

Jamie Dimon made some kind of

comments on the state of private credit and lending to private credit.

This comes on the heels of auto parts manufacturer First Brands Group and used auto dealer Tricolor, both filing for bankruptcy.

These are both private companies.

And those companies had loans with private creditors who also just had those private creditors had loans with big banks.

So, Jimmy Diamond kind of hinted that he thinks the private credit and other these

non-bank financial institutions, lenders to private equity and things like that, a lot of his commentary pointed to being a little bit of a weak point in the market.

I'm trying to sparse between his commentary being like, well, we don't know how good these folks' underwriting is.

It's either a commentary on the market or just Diamond trying to talk up JP Morgan's book, which that's obviously his job a little bit.

It certainly gives me something to follow up in the coming quarters as to whether or not it was, again, just Jamie Dimon talking it up or if there's actually really something here.

Let me pass this back to you.

What were the questions that you were left with on this most recent earnings call, and what do you want to follow up on?

Admittedly, discussing First Brands and Tricolor's bankruptcy in the last segment isn't really exactly the best lead-in for this next discussion, but not every transition can be perfect.