The Institutional Risk Analyst

The public behavior and decision-making processes of SoftBank suggest that the organization is in trouble.

GS has the weakest position in terms of funding of the top-ten banks and no real narrative for the business post-Marcus.

The US banking industry has seen now two consecutive down quarters for net income caused by the Fed’s massive open market operations

We expect to see USB trading at a discount to JPM and Peer Group 1 until the bank improves its operating leverage to pre-COVID levels.

If you agree with our view that the short-selling of the stock was mistaken, then the discount for SCHW is unwarranted.

The funding crisis affecting US banks is not over and very definitely not limited to smaller banks.

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

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

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

Simply stated, Morgan Stanley has a much more diverse and sustainable business model than Goldman Sachs...

RJF is one of those quiet high-performer banks in the investment world that few understand but many own in LT portfolio

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...

Not all AUM is created equal. Even though GS claims to have twice the AUM of MS, it makes less than half the revenue....

May 9, 2017 | In an October 1925, speech in Birmingham, Michigan, Senator James Couzens , the business partner of Henry Ford, sketched out a vision of "good" businessmen, who are ethical, and "bad" businessmen, who are unscrupulous in their dealings with the public, the ultimate consumer. If you protect the markets from fraud, Couzens argued, you ultimately protect the consumer. The optimistic assumption in the 1920s was that industries could be exhorted and led to ethical