markets

Luke Kawa4/22/25

A major US regional bank CEO recited a limerick from ChatGPT to explain the economic outlook on his earnings call

The arc of history is long, but it bends toward US bank CEOs trying their darnedest to be convince everyone they’re actually tech companies.

The latest amusing example: on Monday’s conference call following the release of earnings, Zions Bancorp Chairman and CEO Harris Simmons turned to generative AI to offer an economic outlook. It gave him a limerick.

Here’s the relevant excerpt from his opening remarks:

“I suspect that we’d all agree that prognostication about loan growth, unemployment, the path of interest rates, and other drivers of performance seems especially challenging at the present moment.
Consistent with our determination to build an AI-enabled culture, I asked ChatGPT for help in explaining the world we’re now living in. I got this:
Trump’s tariffs have caused quite a fuss,
With markets unsure who to trust.
Will prices ascend?
Will trade wars extend?
Or will growth just stall in the dust?
That actually seemed to explain the times we’re in pretty well, I thought.”

Zions, which was founded by Mormon leader Brigham Young and operates in the western US, is the 10th-biggest weight in the SPDR S&P Regional Banking ETF.

ChatGPT’s poetry failed to win over Wall Street, especially in the face of disappointing Q1 revenues and earnings for Zions. Shares fell after earnings and the company has seen its price target lowered by Wells Fargo, Baird, Stephens & Co, RBC, and Keefe Bruyette in the wake of its quarterly results. The stock was recently off 4.8% premarket.

More Markets

See all Markets

Credit markets have a “debt” problem, not a “risk” problem

We’re getting a lot of borrowing, and that borrowing is risk-reducing (for now!)

New York City Architecture And Monuments

Meet the newly public, Bezos-backed company that’s recreating the sun and stars

General Fusion CEO Greg Twinney spoke with Sherwood News from the Nasdaq during the stock’s first day of trading.

Web Summit Vancouver 2026 - Day Three

markets

J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

Job growth was 57,000. Analysts foresaw job growth of 113,000; prediction markets were more optimistic, looking for job growth above 125,000 but below 150,000.

Floridians Seek Employment Opportunities At Job Fair In Sunrise

Meta surges on report it’s starting a cloud business to sell excess AI compute

The story of the hyperscalers in 2026 has largely been “the beatings will continue until the cash flow outlook improves;” this could help change the story for Meta. Or not.

Meta CEO Mark Zuckerberg visits U.S. Capitol for Senate meetings

Latest Stories

Sherwood Media, LLC and Chartr Limited produce fresh and unique perspectives on topical financial news and are fully owned subsidiaries of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Money, LLC, Robinhood U.K. Ltd, Robinhood Derivatives, LLC, Robinhood Gold, LLC, Robinhood Asset Management, LLC, Robinhood Credit, Inc., Robinhood Ventures DE, LLC and, where applicable, its managed investment vehicles.

©2026 Sherwood Media, LLC