UIS

Unisys Corp

Investing Ideas

FinTech Could Make Big Bank for These Two Stocks (and You)

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FinTech was going to make banking obsolete.

That was the consensus not all that long ago.

I remember being at a Bank Director conference several years ago out in Arizona. They hosted a Financial Technology panel talking about all the technological advancements that were coming to banking over the next several years. The FinTech company reps demonstrated some of the next big things in payments, deposit gathering, loan marketing, automatic tellers, and underwriting.

As I looked around the room, it was like seeing Baltimore Colts fans at the end of Super Bowl 3. No one could believe what they had just seen, and they had visions of their demise dancing around in their heads.

In the hall after the session, a coffee pot conversation sprung up on the topic, and several bankers expressed fears that this would be the end of banking as we know it.

I declared BS for a couple of reasons

Earnings

Here's What My Two Favorite Bankers Think About Tax Reform

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Last week, we talked about what the "too-big-to-fail" banks were saying on their earnings calls.

Now, investors have to know what these mega-banks are up to, because they're the 800-lb gorillas of the market, but I don't own a single one of those.

As I mentioned a couple of weeks ago, I like regional banks, because they offer what I like the most: unreasonably good returns.

Naturally, I never miss an earnings call from these guys.

Especially on the first earnings call after the biggest tax reform since 1986 has been passed.

Here's what happened...