WGA Releases Bank Quarterly Q2 2024
The unrealized losses on COVID era securities remain a huge problem for banks large and small, especially if long-term interest rates rise
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The Institutional Risk Analyst
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Banks | Markets | Finance
R. Christopher Whalen
- May 22
- 7 min
MBA Aftermath; Profile: Merchants Bancorp (MBIN)
When NYC is forced to recognize reality, it will already be too late to avoid another fiscal crisis.
635 views
R. Christopher Whalen
- Feb 25
- 5 min
WGA Releases Top 50 Bank Index | What's in Your ETF?
Not all banks or companies are the same and not all follow the herd.
1,107 views
R. Christopher Whalen
- Sep 11, 2023
- 3 min
Bank Industry Review & Survey Q3 2023
The US banking industry has seen now two consecutive down quarters for net income caused by the Fed’s massive open market operations
864 views
R. Christopher Whalen
- Jun 14, 2023
- 5 min
Update: Banks & Fintechs
With inflation fears moderating, look for Buy Side managers to buy bank stocks – even if earnings remain constrained...
784 views
R. Christopher Whalen
- Jun 5, 2023
- 2 min
The IRA Bank Book | Q2 2023 Industry Outlook
How much of book value do banks lose
as the Fed adjusts interest rates to fight inflation?
871 views
R. Christopher Whalen
- Jun 1, 2023
- 4 min
First Take on FDIC Bank Data
If we assume that asset returns will continue to rise, but that bank funding costs will rise 5x asset returns, then US banks have a problem
1,057 views
R. Christopher Whalen
- Jan 13, 2023
- 6 min
Update: JPMorganChase & Wells Fargo
But nothing lasts forever in mortgage land or in financials. Stay tuned and pay attention to LT rates and spreads...
498 views
R. Christopher Whalen
- Dec 20, 2022
- 5 min
Outliers: CapitalOne, Goldman Sachs & Citigroup
Like most nonbanks (and Goldman Sachs is predominantly a nonbank), volumes are falling and funding costs are rising.
566 views
R. Christopher Whalen
- Nov 10, 2022
- 5 min
Update: Crypto Fraud Crumbles as Bank Stocks Surge
Crypto has gone from a sort-of juiced up equity strategy to a distressed credit story in just hours.
442 views
R. Christopher Whalen
- Sep 14, 2022
- 2 min
IRA Bank Book Q3 2022
We expect to see reasonably strong earnings for commercial lenders in Q3 2022 as loan yields slowly rise...
294 views
R. Christopher Whalen
- Sep 8, 2022
- 5 min
Update: The Bull Case for US Financials
Investors who were buying large caps at 2x book value a year ago are now running away from bank stocks just as fundamentals improve...
526 views
R. Christopher Whalen
- Aug 10, 2022
- 5 min
The FOMC Embraces Debt Deflation
The deflation of 2023 is about marking down all types of real assets to the price level that equates with a non-QE world.
672 views
R. Christopher Whalen
- Apr 20, 2022
- 5 min
Ukraine & the Return of Credit Risk
Just imagine how global markets will react when Putin deploys tactical nuclear weapons in Eastern Ukraine to avoid a military defeat
547 views
R. Christopher Whalen
- Apr 17, 2022
- 6 min
Profile: Morgan Stanley vs Goldman Sachs
Simply stated, Morgan Stanley has a much more diverse and sustainable business model than Goldman Sachs...
438 views
R. Christopher Whalen
- Apr 11, 2022
- 5 min
Weak Bank Earnings & Surging Interest Rates = Lower Valuations
Will Fed Chairman Jay Powell fold in terms of further rate hikes if the S&P 500 falls 1,000 points in a day?
493 views
R. Christopher Whalen
- Apr 6, 2022
- 4 min
The Next Trade: Banks, Nonbanks and Mortgage Servicing Rights
Many of the startups, investment flows and SPAC transactions that proliferated in 2020-2021 are likely to be casualties in the next several
660 views
R. Christopher Whalen
- Mar 7, 2022
- 11 min
The IRA Bank Book Q1 2022 | Credit Risk Returns
We add a new dimension of risk to the normalization of US bank earnings with the Russian war against Ukraine.
562 views
R. Christopher Whalen
- Jan 4, 2022
- 6 min
Mortgage Crises Yesterday and Today
As we move into Q4 2021 earnings, keep your eyes peeled for news of restructuring of urban commercial commercial and multifamily properties
787 views
R. Christopher Whalen
- Oct 15, 2021
- 7 min
Zombie Banks, Crypto & MSRs
Fact is, we are all staring at computers or handsets, all of which are connected to the internet.
682 views
Christopher Whalen
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