Your Path to Profit in the Battle Between Banks and Big Tech

At the conference in Phoenix, I often felt like I was at a high-tech conference, more so than a banking conference.

The hallways were full of talk about artificial intelligence, data collection, core processing, real-time payments, and other tech topics.

Most of the vendors in the exhibit halls were tech companies touting products that can help banks be bigger, faster, and better than their competitors.

At the first-night cocktail party, I was at a table and realized that of the dozen or so of us chatting over cocktails there wasn’t a single banker in the group.

With the exception of myself, everyone was from a technology company.

There is another aspect to the technology discussion that I heard going around me.

These folks are afraid of big tech. Companies like Amazon.com Inc. (NasdaqGS:AMZN), Facebook Inc. (NasdaqGS:FB), Alphabet Inc. (NasdaqGS:GOOGL) and Apple Inc. (NasdaqGS:AAPL) already have the customer data on pretty much everyone in the country, and they are eying the trillions of dollars of assets in the banking system much like a hungry puppy would eye a juicy cheeseburger.

The battle between the old guard and the expanding tech juggernauts over where you put your money is just getting started.

That’s great news for the investor looking for an edge in the markets


The Perfect Opportunity to Take Advantage of Wall Street’s Skepticism

Today is my travel day back from Phoenix. It’s an all-day affair as it’s almost impossible to get a direct flight heading west or back to Southwest Florida this time of year.

Flying out to Arizona, I had to connect in Columbus, Ohio, and today, I will spend several hours of quality time in the St. Louis airport.

I’ve had a fantastic few days immersed in detailed discussions about one of my absolute favorite topics.

I can talk about bank mergers and acquisitions (M&A) all day, and this conference is one of the few places you can do just that with over 1,300 bankers, investment bankers, and service providers in attendance.

Banks have seen a steady wave of consolidation for 35 years when the Reagan administration eliminated interstate banking restrictions in 1985.

Before the restrictions were lifted, there were over 18,000 banks in the United States.

Today we’re down to just about 5,300.

You may read that and think you’re too late to join in, but that number is probably going to go below 2,000 before the wave finally breaks and the environment stabilizes.

We will see between three to five percent of the banks in the country get taken over every year until that happens.

It’s one of the market’s most powerful and profitable trends. It has served myself, my clients, and my readers extremely well over my more than three decades in the business, and it’s still going strong.

Let me show you why