Debt issuance 'a wildcard' for banking stocks: Analyst

Big bank profits seem to benefit the most from a higher interest rate environment in Q2 2023. Jon Curran, Principal Asset Management Portfolio Manager, outlines the impact debt and bond issuances have had on the financial sector. Following bank consolidations tied to the regional bank crisis in early 2023, Curran commented to look for "symbiotic deposit footprints that are complimentary in nature" where institutional banks seek out M&A activity.