The story of the summer in the financial sector has been interest rates. Reading the tea leaves in last week's jobs report indicates that loose monetary policy, Quantitative Easing, and low interest rates are here to stay. For now.
In the video below, Motley Fool contributor Jay Jenkins discusses the Fed's most likely response to this data and the implications for the banks -- regional players like BB&T (NYSE: BBT) and nationals like Wells Fargo (NYSE: WFC) and JPMorgan Chase (NYSE: JPM).
The past 5 years have been tumultuous, volatile, and uncertain for banks. Massive government involvement in the markets combined with shaky fundamentals underlying the economy have forced a paradigm shift in the way banks do business.
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