Low Rates Creating Headwinds For Banks, Says Harte

The transcript discusses the uncertain economic environment and its impact on banks, highlighting JP Morgan and Goldman Sachs' strong performance. Analyst Jeff Hart provides insights into big banks' earnings, emphasizing the importance of scale and capital markets exposure. The discussion also covers expectations for Morgan Stanley, including integration challenges with E Trade and Eaton Vance. Finally, the transcript explores business models likely to succeed, favoring investment banks in the near term and larger banks with scale in the long term.

What is the outlook for Morgan Stanley's integration of E-Trade?

What business model does the analyst believe will succeed in the next 12 months?