 Here to discuss Melissa Armo, founder and CEO of the stock Swoosh. Love the name. What do you make of these earnings and which report stands out the most to you? Well, I think the most interesting one, of course, is Wells Fargo because the stock is rallying, whereas the rest of the banks today are falling. They've been falling and Wells Fargo has been trending down for a very long time. So the fact that Wells Fargo is going to lift and all these other stronger banks like Goldman Sachs, which does not report till next week. And JPM, which reported this morning and is falling to have these strong banks falling and Wells Fargo rallying on the earnings is quite interesting to me. So actually Wells Fargo was a buy today. It's finally starting to turn around. Yeah, so interesting. What do you see as the biggest contributing factor behind that pop that we're seeing for Wells Fargo? Well, I think they've really tightened up a lot in the last couple of years. Remember a few years ago when they were having a lot of legal problems and lawsuits because they had employees that were trying to sell products and oversell products to people that really didn't buy them, they've cleaned up their act a lot. They've tightened up their lending. They've really tightened up their lending, not wanting to do as much unsecured lending as previously. So I think this is really just a culmination of several years of cleaning up their consumer lending business, in my opinion. Yeah, something we've got to keep in mind, though, with Wells Fargo is that they slashed their overdraft fees. I think they're late charges as well. We know other financial institutions have done this as well. Bank of America, I think JPMorgan Chase as well. Is there a concern you think that profit margins could be tighter for the banks moving forward because of this change that a lot of investors may like, a lot of individuals who bank with these financial institutions may like, but for the bottom line, it may not be great. Well, typically you have small, tiny banks that are the ones that have free checking and no fees. So the fact that now large banks are wanting to do this again shows you how competitive the market is right now to get consumers to bank with them because you have all of these other processing and payment centers now that are popping up all over the place in the last 12 months where people then aren't using banks as often as they were in the past. But I think overall, fees are still a huge, huge factor for many of these banks. That is one of the ways that they make money. But they also make money, guess what, on loans, lending. And so because interest rates are going to increase, they're predicting four times this year, I think that has a concern for banks because it may slow down lending. It may slow down people wanting to borrow. Whereas banks have seen the best case scenario because so many people were buying houses in the last two years because of COVID, they may see a slow down when interest rates go up, people may not want to buy, people may not want to borrow, or they may not qualify to borrow. Because remember, you got to buy a house, you have to qualify. Well, you're going to qualify for a lot less if interest rates go up, let's just say 1%. Well, you're going to qualify for less of a home and the bank can't lend you as much. And then obviously they make less money too overall. So the banks are accounting for this. And I think that's one of the reasons why you see JPM falling this morning. That is really one of the strongest stocks. It's not like I think JPM is going to fall off a cliff. But I will say that if you have banks falling, which you do today and the market gap down today and the market has sold off really since the beginning of 2022, it's very difficult to conceive of an extremely strong market at the highs if you have banks falling. The financials are the leading sector in the S&P. They lead the market typically. It's not just tech and tech used to years ago, but really more so it is the banks. You've got to have strong financials, not just Wells Fargo. You've got to have all of them. You've got to have all the banks going together. The majority of the large banks going together. And if you don't see that, you're not going to see an extremely strong market into the first quarter of 2022. And so far we have not. We have not agreed. Melissa, really great insight there. Thanks so much for joining us. Melissa Armo, founder and CEO of the Stock Swoosh.