The Institutional Risk Analyst

As we move into Q4 2021 earnings, keep your eyes peeled for news of restructuring of urban commercial commercial and multifamily properties

Fact is, we are all staring at computers or handsets, all of which are connected to the internet.

Many of the better managed financials that we track have become sellers of assets rather than buyers in the past several months.

In the Q3 2021 edition of The IRA Bank Book, we document the slow destruction of US bank asset and equity returns by the FOMC.

U.S. Bancorp, PNC and Truist Financial hold great value creation potential. But which is likely to realize this potential?

Growing numbers of investors are burned by mortgage stocks. Big question: Will the industry snap back due to now falling interest rates?

BAC is the worst performing bank in the top-five US commercial banks and often underperforms the average for Peer Group 1.

US banks are running at income levels that are less than half of a year ago...

We anticipate significant loan loss reserve releases back into income in Q1 2021 and thereafter as banks adjust their loan loss provisions

We have long advocated the idea of an independent mortgage bank (IMB) combining with a strong regional lender

Whenever interest rates rise, the amen chorus on Wall Street starts to warble about the benefits to banks.

The assumption of a stable financial and economic transition in the US during 2021 is perhaps the greatest risk facing the global markets.

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...

In this edition of The Institutional Risk Analyst, we assign a neutral risk rating to Wells Fargo & Co, the fourth largest US bank

There is a reason why the smart money on Wall Street is creating new strategies focused on non-performing loans...

We think 2017 will be remembered as the Year of the Bubbles. Everywhere you look, whether its stocks or real estate or even overt acts of fraud like bitcoin, the value of fiat paper dollars measured in prices for other “assets” is falling. Crypto currencies, to be clear, are more a class of felony than investable assets, but the crypto games provide supply for demand in an age of scarcity engineered by the central banks.

Goldman Sachs & the Volcker Rule

“Anyone taken as an individual is tolerably sensible and reasonable – as a member of a crowd, he at once becomes a blockhead.” Friederich von Schiller Quoted by Bernard Baruch April 17, 2017 | The term "magical thinking" refers to how children believe that their thoughts have a direct effect on the rest of the world. So last week we learned that the Trump Bump is not real. Lower taxes, increased spending, these were never really serious goals, but merely political talkin

April 12, 2017 | Since the November 2016 election, large cap financials have moved sharply higher, in the case of Bank of America (BAC) up almost 60%. This spasmodic upward movement in reaction to the election of Donald Trump reflected both the collective desire of professional managers to increase allocation to financials but also the shared frustration of investors with the chronic under-performance of large banks. Let’s face it; there’s a whole generation of managers