The Institutional Risk Analyst

Will the market risk created by quantitative tightening (QT) tip over a large bank or nonbank financial firm?

How will this above-peer performer from Little Rock do in a Fed-induced recession that rivals 2008 in terms of market losses?

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

We expect to see reasonably strong earnings for commercial lenders in Q3 2022 as loan yields slowly rise...

Investors who were buying large caps at 2x book value a year ago are now running away from bank stocks just as fundamentals improve...

Interest rates are starting to be very positive, and bank deposit rates are barely moving, so pretense of fintech as bank killer is over

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

Since Block has not yet changed its ticker symbol, perhaps Mr. Dorsey will eventually change the company's name back to Square...

The real message to the FOMC is this: hike another 75bp in July and then let the Fed funds target sit for a few meetings...

The good news for BAC and other banks is that there is a discernable lift underway on the yield of bank balance sheets

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

Most of the banks in our surveillance group are down between 10% and 30% so far this year, but none of these are particularly cheap as yet

A "normal" level for US bank deposits would be closer to $15 trillion than $19.9 trillion today.

Issuing CMOs via the GSEs could help the FOMC out of its trading mess, but represents a monumental irony.

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

Market risk realized today becomes credit risk tomorrow...

The sharp rise in bank stocks in 2021 coincided with a surge in operating income due to COVID. Now we reverse that trend in 2022...

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

Q: What do Elon Musk and Masayoshi Son have in common? Gigantic margin loans...

Benevolence, as Chris and I noted in our book "Financial Stability," always gets you more bang for the buck than being miserable.