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The Institutional Risk Analyst
© 2003-2025 | Whalen Global Advisors LLC All Rights Reserved in All Media | ISSN 2692-1812
Banks | Markets | Finance

R. Christopher Whalen
Dec 18, 20247 min read
Update: Has Jane Fraser Redeemed Citigroup? Nope.
Citi seems to be tracking the group now, whereas pre-COVID the stock significantly underperformed in terms of market beta. But performance?
547 views


R. Christopher Whalen
Aug 21, 20247 min read
New & Old Names in Nonbank Finance
In dollar terms, the moves in 2023 were tiny vs the post March rally in 2020.
478 views

R. Christopher Whalen
Aug 18, 20249 min read
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.
693 views

R. Christopher Whalen
Jun 23, 20249 min read
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.
1,439 views


R. Christopher Whalen
Apr 4, 20247 min read
Vanguard & Black Rock Control JP Morgan? | PNC & United Wholesale Mortgage
BK and Vanguard are above the 4.9% legal limit on ownership of voting shares of a bank. This fact gives the FDIC et al the power...
928 views


R. Christopher Whalen
Dec 12, 20236 min read
What Does PNC Financial Say About Commercial Real Estate?
What does PNC tell us now about commercial loan exposures in 2024?
1,019 views

R. Christopher Whalen
Sep 18, 20237 min read
Does PacWest + Banc of California + Warburg Pincus = Value?
The Q2 2023 disclosure for PACW suggests an institution that is bleeding cash and operating in extremis...
649 views


R. Christopher Whalen
Jun 28, 20237 min read
Profile: Comerica Inc.
If the FOMC raises the target rate for fed funds further, then banks like CMA are likely to come under renewed selling pressure.
1,463 views

R. Christopher Whalen
Apr 3, 20236 min read
Update: Charles Schwab (SCHW); Sagent Presentation
Most major banks grew larger during quantitative easing. Now many of these banks will shrink in terms of assets and also earnings in Q1 2023
4,369 views


R. Christopher Whalen
Jan 16, 20237 min read
Goldman Drops Restatement; Jamie Dimon Drops the Ball on "Frank"
The Fed’s de facto embrace of inflation encourages misallocation of economic resources on a grand scale....
750 views


R. Christopher Whalen
Jan 4, 20237 min read
Update: Truist, Charles Schwab, U.S. Bancorp & PNC Financial
The largest banks continue to serve as a haven for refugees from crypto fraud schemes and the fintech swoon, but are not cheap
770 views

R. Christopher Whalen
Oct 12, 20216 min read
Bank Earnings Setup: Rebound to 2020
Many of the better managed financials that we track have become sellers of assets rather than buyers in the past several months.
319 views


R. Christopher Whalen
Sep 9, 20216 min read
The IRA Top Ten Financials
Which US financial will best weather the coming equity market correction?
390 views

R. Christopher Whalen
Aug 27, 20219 min read
Profile: PNC v U.S. Bancorp v Truist Financial
U.S. Bancorp, PNC and Truist Financial hold great value creation potential. But which is likely to realize this potential?
410 views

R. Christopher Whalen
Jan 4, 202110 min read
Profile: Bank of America
We think that a strong case can be made that to enhance shareholder value, Moynihan and the BAC board ought to spin-off Merrill Lynch...
501 views


R. Christopher Whalen
Nov 17, 20204 min read
PNC + BBVA USA = Value Creation
By acquiring the $100 billion asset BBVA USA, PNC is doing the Federal Reserve Board and other regulators a favor.
654 views
Christopher Whalen
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