Mike Mayo of Wells Fargo predicts that banks can increase profits during the upcoming recession.

Mike Mayo, Wells Fargo Securities, joins 'Closing Bell: Overtime' to discuss bank stocks and their potential to grow during a recession....(read more)

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As the economy continues to fluctuate, many investors are wondering how banks will fare in the midst of a potential recession. However, industry expert Mike Mayo of Wells Fargo argues that banks should actually be focusing on growing earnings during this time. Mayo suggests that banks should take a more proactive approach to managing their operations during a downturn. This could include cutting costs where necessary, but also looking for new revenue streams and investment opportunities that can drive growth. One key area where banks could focus on increasing earnings is in their lending practices. Mayo notes that there are still many businesses and individuals who need access to credit, even in a recession. Banks that can successfully navigate the risks and opportunities in this area could see significant earnings growth. In addition to lending, banks could also focus on improving the efficiency of their operations. Mayo notes that many banks still have room to reduce costs and streamline their processes, which could improve their bottom line. Another area where banks could potentially grow earnings is in wealth management and investment banking. These businesses may see a decrease in activity during a recession, but they could also present new opportunities as investors look for safe havens and alternative investments. Overall, Mayo's perspective suggests that banks should not simply weather the storm during a recession, but actively seek ways to grow their earnings. By taking a proactive approach to managing their operations and seeking out new revenue streams, banks could come out of a recession stronger and more resilient than ever. https://inflationprotection.org/mike-mayo-of-wells-fargo-predicts-that-banks-can-increase-profits-during-the-upcoming-recession/?feed_id=97280&_unique_id=645feafce851e #Inflation #Retirement #GoldIRA #Wealth #Investing #breakingnews #businessnews #cable #cablenews #ClosingBellOvertime #CNBC #financenews #financestock #financialnews #money #moneytips #newschannel #newsstation #stockmarket #stockmarketnews #Stocks #usnews #worldnews #RecessionNews #breakingnews #businessnews #cable #cablenews #ClosingBellOvertime #CNBC #financenews #financestock #financialnews #money #moneytips #newschannel #newsstation #stockmarket #stockmarketnews #Stocks #usnews #worldnews

"Is Birch Gold Group a Reliable Choice for Your 2023 Gold IRA Investments?" - A Quick Review #shorts

In this Birch Gold Group review video, I go over what makes this Gold IRA company unique, the pros and cons, their fees, minimums, and much more. Get their free guide here: 👉 FREE Resources: ➜ Gold IRA Company Reviews: Birch Gold Group boasts high ratings from consumer advocate groups. With an A-plus rating from the Better Business Bureau, a triple-A rating from the Business Consumer Alliance, and high marks from Trust Link, Trustpilot, and Google Business, Birch Gold is a top choice to trust your hard-earned retirement savings. Birch Gold Group’s low initial investment minimum is another edge it has over its competitors whose minimums can range from $25,000 to $50,000. A beginning $10,000 minimum investment is all that is required to start a GOLD IRA with Birch which is advantageous for first-time investors. Spanning nearly two decades, Birch Gold Group’s mission and philosophy focus on a commitment to understanding your needs and finding the right fit for you. Their

New York Times Company Continues to Add Online Subscribers at a Steady Clip

Business News by Timothy Sumer - The company’s first quarter results showed total paid subscriptions reaching 4.5 million. Online ad revenue rose 19 percent, to $55 million, thanks, in part, to “The Daily” podcast. from NYT > Business https://nyti.ms/304QC2w via Timothy Sumer

Should I Rollover My 401k to an IRA? YES! #shorts #retirement #financialfreedom

Should I Rollover My 401k to an IRA? YES! #shorts #retirement #financialfreedom Should I Rollover My 401k to anIRA 🤔 || 401k to IRA Rollover Pro's & Con's In this video, I want to talk about rolling over your 401k to an IRA Rollover and if that makes sense for your retirement planning . I want to look at the pro's to rolling over a 401k and also the con's to rolling over a 401k. When you should rollover your 401k to an IRA and when you should NOT rollover your 401k to an IRA. Let's talk about when you should NOT rollover your 401k to an IRA: 1. You are still working and are under the age of 59.5 2. You are 55 and considering retirement (Rule 55) 3. Increased creditor protection in a 401k 4. 401k's offer loans--IRA's do not offer loans Why you SHOULD rollover your 401k to an IRA 1. More investment choices in IRA over 401k 2. Lower investment fees 3. Convert IRA to Roth IRA (Roth IRA Conversion) 4. Consolidation from multiple 401k'

Timothy Sumer

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