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

And just why do financial firms like HOOD, SoFi Technologies (SOFI) and Block (XYZ) talk about EBITDA in their investor materials?

We think it is notable that AMP has underperformed the other members of the group other than SCHW over the past year.

GS had not appeared in the top 25 since we began the indices a year ago, while MS had made it three times.

The SVB duration management from 2020 onward was recklessly negligent by any reasonable standard

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

Last year, when a lot of people were predicting the demise of SCHW, we told our readers to calm down.

WFC is not even out of dodge yet, but TD has cut off the fingers of one hand in yakuza style and is now headed for years of misery

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

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...

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.

Big banks have big CRE exposures, too. So what drives this marvelous progression up the wall of worry?

BAC is in big trouble, not due to credit but because of sub-par asset returns. BAC’s return on assets has fallen to just 0.8% in Q1 2024

Rising interest rates are not good for bank earnings or bank equity valuations.

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

With a 75bp average total gfee, would the market for private label MBS return? Or would conventional lending volumes simply crater?

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 continue to believe that combining Citi and GS may make sense in terms of consolidating two capital markets businesses

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.