The Institutional Risk Analyst

Some of the largest banks by assets have dropped from the top quartile into the bottom half of the distribution for the top 100 banks

As and when GS can exit the loss leading credit card relationship with AAPL, the performance of the business should improve significantly.

SCHW needs to take advantage of their strong operating leverage and repair some needless damage done during COVID by inept bank management.

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.

The public behavior and decision-making processes of SoftBank suggest that the organization is in trouble.

GS has the weakest position in terms of funding of the top-ten banks and no real narrative for the business post-Marcus.

The US banking industry has seen now two consecutive down quarters for net income caused by the Fed’s massive open market operations

We expect to see USB trading at a discount to JPM and Peer Group 1 until the bank improves its operating leverage to pre-COVID levels.

If you agree with our view that the short-selling of the stock was mistaken, then the discount for SCHW is unwarranted.

Many in the Buy Side chorus are looking forward to lower interest rates, but we are concerned that next year could really be about solvency

A number of readers have asked us to talk about the winners and losers among large banks in the current interest rate environment.

Total noncore funding at GS was over $700 billion at the end of Q1 2022 vs $321 billion for MS.

In times of market volatility and suddenly ended delusions of easy money, the prudent path is to fly to quality.

Even as the FOMC raises interest rates, we caution our readers to be prepared for disappointment from banks near term

The reduction in the Fed's balance sheet is the largest ever margin call on equity exposures of all descriptions.

Simply stated, Morgan Stanley has a much more diverse and sustainable business model than Goldman Sachs...

RJF is one of those quiet high-performer banks in the investment world that few understand but many own in LT portfolio