R. Christopher WhalenNov 18 min readFed Duration Trap Threatens Banks, SOMAIt’s time for the Fed to get smart on duration risk before circumstances create another money market crisis.Â
R. Christopher WhalenSep 162 min readIRA Bank Book Q3 2024 Industry SurveyThe Q3 interest rate rally still leaves the industry with a negative capital position since the average securities yield is only 3%
R. Christopher WhalenAug 189 min readThe Top Seven Banks: JPM, BAC, C, WFC, USB, PNC & TFCBanks lose money every single day by holding onto a below market security from the 2019-2021 period.
R. Christopher WhalenJun 239 min readQ2 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.
R. Christopher WhalenJan 4, 20237 min readUpdate: Truist, Charles Schwab, U.S. Bancorp & PNC FinancialThe largest banks continue to serve as a haven for refugees from crypto fraud schemes and the fintech swoon, but are not cheap
R. Christopher WhalenAug 27, 20219 min readProfile: PNC v U.S. Bancorp v Truist FinancialU.S. Bancorp, PNC and Truist Financial hold great value creation potential. But which is likely to realize this potential?
R. Christopher WhalenJan 4, 202110 min readProfile: Bank of AmericaWe think that a strong case can be made that to enhance shareholder value, Moynihan and the BAC board ought to spin-off Merrill Lynch...
R. Christopher WhalenOct 19, 202011 min readBank Profile: Wells Fargo & CoIn this edition of The Institutional Risk Analyst, we assign a neutral risk rating to Wells Fargo & Co, the fourth largest US bank
R. Christopher WhalenOct 5, 202011 min readThe Bear Case for Mortgage LendersThis week we make the bear case for the housing sector as several more large mortgage issuers announce IPOs....