The Institutional Risk Analyst

JPM is really a large mutual fund with a bank attached, as shown in the table below.

To survive long-term, both WAL and PACW need to get that beta back down below 2 and closer to 1, but the hawks on the FOMC may not cooperate

The issue is not whether your bank is getting smaller, but whether credit expenses are being managed as funding costs inevitably rise.

Given that the US Treasury is paying 4% for 90-day T-bills, you can see how far banks have to go to become competitive on rates

The Fed by definition cannot make a profit and is always an expense to the Treasury, thus operating losses are a expense to the taxpayer

Fact is, Dr. Brainard has primary culpability in the growing economic pain being felt around the country.

Ally is still more finance company than bank and really has no core deposit base worthy of the name.

We hear in the channel that regulators are making their views of future loss probabilities very clear in guidance to the top banks

The largest banks continue to serve as a haven for refugees from crypto fraud schemes and the fintech swoon, but are not cheap

Like most nonbanks (and Goldman Sachs is predominantly a nonbank), volumes are falling and funding costs are rising.

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.

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

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

The 5-year CDS spreads for ALLY were trading 280bp over the swaps curve compared with 120bp for Citigroup (C) & 150bp for CapitalOne

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

If investors and partner banks don’t want to buy UPST loans at current market rates, then the game is over in an originate to sell model

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...

Just imagine how global markets will react when Putin deploys tactical nuclear weapons in Eastern Ukraine to avoid a military defeat

Will Fed Chairman Jay Powell fold in terms of further rate hikes if the S&P 500 falls 1,000 points in a day?