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
- Sep 4
- 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
419 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.
683 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.
656 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 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.
1,151 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.
713 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 7
- 10 min
Goldman Sachs Fails Fed Stress Test
Notice that the Fed stress test is silent on trillions of dollars in mark-to-market losses facing US banks from COVID-era securities
2,917 views
R. Christopher Whalen
- Jul 3
- 7 min
Who Leads the Asset Gatherers? | SCHW, MS, GS, AMP, RJF & SF
The larger banks led the way in January and February, but today the top 25 names in terms of total return include many smaller banks.
577 views
R. Christopher Whalen
- Jul 1
- 8 min
USSC Kills Chevron | Zombie Banks Pass Stress Tests?
The Fed bank stress tests are another sign of magical thinking in Washington.
895 views
R. Christopher Whalen
- Jun 23
- 9 min
Q2 2024 Earnings Setup: JPM, BAC, WFC, C, USB, PNC, TFC
Citigroup leads the pack with a net loss rate of 133 basis points (bp) that is almost five times the average for Peer Group 1 at 27 bp.
1,419 views
R. Christopher Whalen
- Jun 10
- 9 min
Interview: Robert Brusca on the Federal Open Market Committee
Powell won’t hit the two percent target, but he won’t change the target either.
680 views
R. Christopher Whalen
- Jun 4
- 6 min
Inside the Private Credit Trade
Direct lenders are the pawnbrokers of the 21st Century for subprime commercial borrowers, usually firms financed via leveraged buyouts.
1,197 views
R. Christopher Whalen
- May 24
- 6 min
Interest Rates, Deficits & Inflation
We think it is reasonable to push expectations of a cut in the target for Fed funds into Q1 2025.Â
815 views
R. Christopher Whalen
- May 20
- 6 min
Joe Biden Goes Subprime; Should Citi Buy NYCB/Flagstar?
Citi is a subprime lender. They should be directly involved in government lending.
970 views
R. Christopher Whalen
- May 15
- 7 min
The Bull Case for Large Banks
Big banks have big CRE exposures, too. So what drives this marvelous progression up the wall of worry?
561 views
R. Christopher Whalen
- Apr 29
- 3 min
WGA Bank Top 100 Index | Q2 2024
Our Bank Top 10 and Top 25 indices continue to outperform the industry benchmarks, but the broader samples show growing financial stress
572 views
R. Christopher Whalen
- Apr 24
- 7 min
The Death of Leverage; What's the WAC of Bank America?
The yield on BAC's $320 billion commercial and industrial (C&I) book was just 5.4% or more than 150bp below peer at year-end 2023.
931 views
R. Christopher Whalen
- Apr 21
- 7 min
TCBI v Ginnie Mae Goes to Trial | Outlook for Commercial & Residential Mortgage Finance
McCargo's actions and the fact that the case has not been dismissed in its entirety is very unhelpful given current market conditions.
1,177 views
Christopher Whalen
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