The Institutional Risk Analyst

Private equity portfolio companies are about 10 times as likely to go bankrupt as non-PE-owned companies.

Yes, net loss rates in percentage terms post default are back up to 2010 levels, but the dollar volume of net charge-offs remains very low.

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

What does the upsurge in repo rates at the end of September suggest? None of the media who supposedly cover the Fed seem able to ask.

The banking industry has segmented into a handful of above-average performers and JPM is the largest leader of these "winners"

How is Goldman going to extricate itself from this profoundly unattractive business with AAPL without destroying Apple Card?

The Q3 interest rate rally still leaves the industry with a negative capital position since the average securities yield is only 3%

The big story nobody is discussing is the fact that large banks led by JPM, BAC and TFC continue to sell off briskly

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

If you were really, REALLY going to do mortgage warehouse lending in today's market, KEY would be the better platform, not BNS.

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...

Notice that the Fed stress test is silent on trillions of dollars in mark-to-market losses facing US banks from COVID-era securities

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.

We think it is reasonable to push expectations of a cut in the target for Fed funds into Q1 2025. 

FDIC Chairman Gruenberg ought to tell New York State to take over the rent controlled loans from Signature, NYCB and other lenders...

Volatility remains perhaps the biggest risk factor today, mostly because of a lack of visibility on unexpected risks.

COIN has been helped by a groundswell of positive comment about crypto in 2023...

One of the effects of QE has been making many banks and real estate investors insolvent, a precursor to debt defaults.

Large universal banks that ply the capital markets and use essentially infinite leverage in the derivatives markets face challenges

Bank earnings can be best described as cautiously mediocre, but as usual the Street proclaimed that three banks "beat the estimates"