Joe Hegner of Asterozoa Capital predicts the yield curve will steepen over the next 12 to 18 months, which will benefit banks' net interest margins.

Joe Hegner of Asterozoa Capital believes the private credit market has engaged in irresponsible risk-taking by deploying approximately $2 trillion over the last 7-8 years.

Joe Hegner of Asterozoa Capital believes that automating 10% of Morgan Stanley's middle and back-office functions could increase its net interest margins from a potential 20% to 30%.

Joe Hegner predicts that AI-driven automation could increase net interest margins at large banks from a current level of around 20% to 30%.

Morgan Stanley spends $26 billion a year on payroll and benefits.

Joe Hegner believes the rapid deployment of $2 trillion into private credit over the last 7-8 years has inevitably led to irresponsible risk-taking.