On Bank Earnings & Defending Data Centers

Investors have been worried about the major banks, particularly given fears that leveraged AI data center operators will cause a deterioration of corporate credit quality. But if a reckoning is coming, it’s a future concern. Life for the big banks is currently sweet. That’s Jackie’s takeaway from the stellar Q3 earnings reports of JP Morgan and Bank of America, which enjoyed expanding loan portfolios and net interest income last quarter. … Also: Amid all the spending hyperscalers are doing to build AI infrastructure, they may have ignored an important detail: How to protect data centers if they are attacked.