WGA Bank Top 100+ | Large Banks Retreat, Small Banks Rise
The big story nobody is discussing is the fact that large banks led by JPM, BAC and TFC continue to sell off briskly
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The Institutional Risk Analyst
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Banks | Markets | Finance
R. Christopher Whalen
- 2 days ago
- 9 min
Powell FOMC Folds on Inflation
As the federal debt rises, bank reserves must rise as well and with it inflation.
1,206 views
R. Christopher Whalen
- 7 days ago
- 5 min
Banks: Passive Strategies Lag Active Management
In the third quarter of publishing the Indices, so far picking quality banks seems to matter more than following the passive ETF herd
409 views
R. Christopher Whalen
- Sep 2
- 12 min
Recession? Consumer Lenders: AX, AXP, ALLY, Barclays, COF, SOFI, SYF
Axos continues to rebound after the bear raid by Hindenburg Research. AX ranked 18th in the WGA Bank Top Index in Q3 2024 vs 98th for SOFI
643 views
R. Christopher Whalen
- Aug 25
- 7 min
Universal Banks: Should TD Buy Schwab & Sell Its US Operation?
SCHW needs to take advantage of their strong operating leverage and repair some needless damage done during COVID by inept bank management.
680 views
R. Christopher Whalen
- Aug 21
- 7 min
New & Old Names in Nonbank Finance
In dollar terms, the moves in 2023 were tiny vs the post March rally in 2020.
451 views
R. Christopher Whalen
- Aug 18
- 9 min
The Top Seven Banks: JPM, BAC, C, WFC, USB, PNC & TFC
Banks lose money every single day by holding onto a below market security from the 2019-2021 period.
654 views
R. Christopher Whalen
- Aug 13
- 6 min
Bank of Nova Scotia + KeyCorp = ??
If you were really, REALLY going to do mortgage warehouse lending in today's market, KEY would be the better platform, not BNS.
520 views
R. Christopher Whalen
- Aug 12
- 7 min
The Powell Hedge Fund Drives Private Market Instability
In 2019, the FOMC essentially nationalized the US money markets, eliminating private price discovery for a representation of a market.
850 views
R. Christopher Whalen
- Aug 8
- 6 min
Market Volatility and Loan Defaults
The market tantrum which began on Friday was largely over by the market close on the following Tuesday.
1,149 views
R. Christopher Whalen
- Aug 5
- 5 min
Wine, Grapes & Inflation; WGA Bank Top 50 Index Q3 2024
The WGA Bank Top 50 is, well, the top half of the population, but far better in quality than the bottom quartile.
631 views
R. Christopher Whalen
- Aug 2
- 8 min
Stocks Swoon, Retail Credit Rises: PYPL, SQ & ARES
The rotation away from institutional investors to retail funding source for the $1.7 trillion direct lending market is an ominous sign
588 views
R. Christopher Whalen
- Jul 30
- 6 min
Yellen's FSOC: Housing Policy Dreams vs Mortgage Market Reality
Yellen's proposal for a backstop is merely a canard to help Treasury avoid another fiasco next time a Ginnie Mae issuer fails
692 views
R. Christopher Whalen
- Jul 27
- 8 min
Update: New York Community Bank & Mr. Cooper
Joe Otting does not seem to understand the value of the Flagstar correspondent lending and mortgage servicing business...
612 views
R. Christopher Whalen
- Jul 25
- 5 min
Update: CapitalOne Financial & PennyMac Financial Services
Of note, PFSI has been growing share in wholesale, a direct challenge to UWMC
327 views
R. Christopher Whalen
- Jul 21
- 9 min
Will Donald Trump Release Fannie Mae & Freddie Mac?? Really?
If JPM, PFSI or UWMC want to pay the government to wrap conventional MBS in a “AA+” sovereign rating, why should the Treasury say no?
1,205 views
R. Christopher Whalen
- Jul 18
- 6 min
Update: Pinnacle Financial & Synthetic Credit Risk Transfer
We hear in the channel that banks with festering multifamily exposures are paying north of 10% for similar CRT transactions.
706 views
R. Christopher Whalen
- Jul 17
- 5 min
Bank Earnings: JPM, BAC, AX, GS & SCHW
GS saw loss provisions fall slightly in Q2 2024 to $282 million but the number was still $600 million in the first half of the year...
473 views
R. Christopher Whalen
- Jul 15
- 8 min
Should the US Exit the Basel Accord in Trump II?
The Basel Accord is one of the single biggest examples of a regulatory agency literally creating a new law from whole cloth.
744 views
R. Christopher Whalen
- Jul 11
- 5 min
Earnings Setup: Consumer Lenders | ALLY AXP AX BCS COF SOFI SYF
The first comment to make is that consumer defaults are rising across the board. The only question we need to consider is the rate of change
532 views
Christopher Whalen
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