Josh, give me a final trade. >> Uh, Archer Aviation was just named Conviction Long for Q4 at Deutsch. These stocks, Joby, Planet Labs, we talked about him Tuesday.All of them are having an unbelievable week. >> Threw Josh off his game for a minute there. >> I thought he was going to pick I thought he was going to pick Shaq.>> I'm hungry now. We all >> believe me, Rob. >> JP Morgan like the setup headed into earnings two weeks out.Think financials can lead into the fourth quarter. >> Amy >> Shell, a wellposi ...

Consumer Credit Concerns - Credit scores are falling at the fastest pace since the global financial crisis [2] - 90-day plus delinquency rates for credit cards are north of 12%, the highest in 14 years, with an average rate of about 215% and $12 trillion [2] - CarMax reported increased loan loss reserves due to subprime customers (FICO scores under 550) having the most trouble [9] - A significant portion of thericcolor bankruptcy borrowers had no credit scores or scores around 600, highlighting concerns about lower-quality consumers [10] Market and Bank Performance - Despite consumer credit concerns, the market (HYG) has remained resilient [3] - Banks experienced pressure, possibly due to rebalancing or concerns about access to credit [4] - American Express, expected to perform well due to its higher-end demographic, was surprisingly hard hit [13][14] - Mastercard and Visa held up relatively well [14] - JP Morgan and Capital One earnings will provide insights into different customer segments [12][15] Buy Now Pay Later (BNPL) - BNPL options are prevalent for online purchases, potentially unique to this cycle [5] - Affirm (a firm) experienced a post-IPO pop but quickly broke price, indicating potential investor concerns [5][6] - The lower-end consumer is particularly relevant to the BNPL sector [8][9] Economic Outlook - The push and pull between the Fed's dual mandate (full employment and stable prices) continues [7] - PCE data was "sticky," and the upcoming jobs number may shift focus to the lower-end consumer [7][8] - The economy is perceived as "doing okay," with a good employment picture, though a government shutdown could cause disruption [12]

Group 1: Market Overview - Diamond Hill Capital's "Select Strategy" reported a market rebound in Q2 2025, with US stocks rising approximately 11% as measured by the Russell 3000 Index [1] - Large-cap stocks experienced the highest increase, rising just over 11%, while small-cap and mid-cap stocks gained approximately 8.5% each [1] - The portfolio delivered a net return of 7.31%, trailing the Russell 3000 Index's return of 10.99% [1] Group 2: Bank of America Corporation (NYSE:BAC) - Bank of America Corporation's one-month return was 3.97%, with a 52-week gain of 33.66% [2] - As of September 29, 2025, Bank of America stock closed at $52.42 per share, with a market capitalization of $388.272 billion [2] - The company was identified as a bottom contributor in the portfolio, with shares pressured by macroeconomic concerns early in the quarter [3] - The decision was made to exit the position in Bank of America in favor of Capital One, which was believed to offer better long-term upside potential [3] Group 3: Hedge Fund Interest - Bank of America ranked 24th on the list of 30 Most Popular Stocks Among Hedge Funds, with 115 hedge fund portfolios holding the stock at the end of Q2, down from 117 in the previous quarter [4] - While Bank of America is acknowledged as a potential investment, certain AI stocks are believed to offer greater upside potential and less downside risk [4]

Revolut will begin rolling out high-yield savings accounts across the US, a push that has the upstart challenging stalwarts like Capital One and Goldman Sachs https://t.co/7WgnJ9iyvh ...

Core Points - Capital One Financial Corporation will release its third quarter 2025 earnings results on October 21, 2025, at approximately 4:05 p.m. Eastern Time [1] - A conference call to discuss financial and operating performance for the quarter ending September 30, 2025, will be held at 5:00 p.m. Eastern Time [1] - The earnings release will be available on the company's homepage and the call will be webcast live [1]

Core Insights - A bipartisan group of 18 U.S. states is opposing Capital One's (COF) proposed $425 million settlement with depositors, who allege deceptive practices regarding interest rates during a rising rate cycle [1][10]. Settlement Details - In May 2025, Capital One agreed to a settlement of $300 million to compensate depositors for missed interest, along with an additional $125 million for existing account holders, while denying any wrongdoing [2]. - The lawsuit, initiated in 2023, claims that Capital One misled customers by creating a new high-yield account instead of increasing rates on its existing 360 Savings account [3]. Interest Rate Discrepancies - As of September 16, 2019, 360 Savings account holders received an interest rate of 1%, while the newly introduced 360 Performance Savings account offered 1.90% [4]. - The lawsuit alleges that Capital One's actions caused significant losses in interest for 360 Savings account holders, particularly as rates began to rise in March 2022, with the disparity reaching 4.30% for Performance Savings accounts compared to just 0.30% for Savings accounts [5]. Opposition Rationale - The opposition, led by New York Attorney General Letitia James, argues that the settlement would allow Capital One to continue its deceptive practices, with states claiming that depositors would only recover a fraction of their losses [6][7]. - The states contend that 360 Savings depositors would earn only 0.78%, significantly lower than the 3.5% offered to Performance Savings depositors, potentially allowing Capital One to save over $2.5 billion without changing its practices [7]. Upcoming Legal Proceedings - A hearing is scheduled for November 6 to consider the final approval of the settlement, amidst rising legal challenges for Capital One [10]. Company Performance - Over the past six months, Capital One's shares have increased by 24.8%, while the industry has seen a growth of 48.3% [9].

Core Viewpoint - Eighteen state attorneys general are opposing a proposed class action settlement against Capital One, arguing it would inadequately compensate customers who were allegedly cheated out of interest on savings accounts [1][2][3]. Group 1: Legal Actions and Responses - The state attorneys general assert that the settlement would shortchange Capital One customers, as stated by the New York State Attorney General's office [2]. - New York Attorney General Letitia James leads a bipartisan coalition against the settlement, emphasizing the need for fair restitution for affected customers [3]. - Capital One has denied the allegations and claims that the settlement is reasonable to avoid the uncertainties of prolonged litigation [4]. Group 2: Settlement Details - The proposed settlement, announced on May 16, involves accusations that Capital One misled customers regarding interest rates on its 360 Savings accounts compared to its 360 Performance Savings accounts [5]. - Capital One is set to pay $300 million to 360 Savings depositors for lost interest and an additional $125 million in interest to current 360 Savings account holders [6]. Group 3: Related Legal Proceedings - New York filed a separate lawsuit against Capital One shortly before the proposed settlement, aiming to ensure accountability after the U.S. Consumer Financial Protection Bureau dropped a similar case [7].

Capital One's proposed $425 million settlement of a class-action suit over allegedly unpaid savings-account interest shortchanges account holders, a bipartisan group of states says https://t.co/ITZCNUwYw3 ...

Core Viewpoint - A bipartisan group of 18 U.S. states is urging a federal judge to reject Capital One's $425 million settlement with depositors, arguing that it allows the bank to avoid accountability for allegedly misleading customers regarding high interest rates [1] Group 1: Settlement Concerns - The proposed settlement of $425 million is viewed as insufficient by the states, who believe it does not adequately address the grievances of depositors [1] - The states argue that the settlement could set a precedent that undermines consumer protection efforts [1] Group 2: Legal and Regulatory Implications - The involvement of multiple states indicates a significant legal challenge to Capital One's practices, highlighting broader regulatory scrutiny in the banking sector [1] - The case reflects ongoing tensions between financial institutions and regulators regarding transparency and fair treatment of consumers [1]

Core Insights - Capital One has settled a lawsuit with social media creators who claimed that the bank's browser extension deprived them of commissions on sales generated through their content [1][8] - The settlement is pending preliminary approval by Nov. 17, and Capital One did not admit any wrongdoing [2][1] Lawsuit Details - The lawsuit revolves around affiliate marketing, where creators earn commissions by promoting products on their platforms [3] - Creators alleged that the Capital One Shopping extension misattributed referral traffic, leading to the bank collecting commissions that should have gone to them [4][8] - A U.S. District Judge ruled that the influencers presented a plausible case regarding the redirection of their commissions [5][8] Regulatory Challenges - Capital One has faced multiple regulatory challenges, including a lawsuit against the Federal Deposit Insurance Corp. over a $474.1 million assessment and a $425 million settlement for misleading online savings account customers [6] Stock Performance - Over the past six months, Capital One's shares have increased by 26.2%, while the industry has seen a growth of 49.8% [7]