Regional bank consolidation will heat up soon, says Commerce Street CEO Dory Wiley

Bank Earnings & Performance - Wells Fargo's overall report was not bad, despite mortgage pressure and regulatory constraints [1] - JP Morgan's investment banking gained 7%, exceeding expectations of a 14% loss [1] - Goldman Sachs is up 60% from its low [1] - JP Morgan announced a buyback and a dividend increase [1] Market & Economic Signals - The market is doing fine, with financials leading, and technology, especially semis, performing strongly [1] - Banks passed the stress test, indicating financial stability [1] - Net interest income saw a slight squeeze, suggesting competitive measures and banks actively seeking growth [1] - IPOs are scheduled even for August, typically a slow month [1] Future Outlook & Concerns - Expectation for net interest income to stabilize due to stabilizing rates [1] - Focus on loan and deposit growth as key indicators [1] - Jamie Dimon's call was not overly pessimistic, with concerns limited to tariff uncertainty and geopolitical issues [1]