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Transcripts For FBC Varney Company 20170714

Well, after the 24th record high of the year, the Dow Jones Industrial average will open a little higher as of this morning. Up about 10, maybe 15 points, about 28 minutes from now. Now, a couple of big banks have reported their profits this morning, citi, j. P. Morgan, wells fargo. First of all, lets go to the Bank Earnings, bearing in mind that the bank analyst, dick bove on the program said that Bank Earnings will be bad and the end of the trump rally. Liz dick bove is really, really smart, impressive. Long growth came in pretty strong for the banks. Certainly, wells fargo, seeing decent profit numbers coming in and citigroup, j. P. Morgan as well. Now, the trading desk has been a problem for the banks because theres low volatility. When theres low volatility. Cant make money off the trades, but the numbers are co ....

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