Q2 2024 Earnings Setup: JPM, BAC, WFC, C, USB, PNC, TFC
- Jun 23, 2024
- 9 min read
Updated: Jul 10
June 24, 2024 | Premium Service | In this special June Fishing Trip edition of The Institutional Risk Analyst, we set up the top seven US depositories for Q2 2024 earnings. On Wall Street, we are taught from an early age that past performance does not guarantee future results, but in banking an astute review of current performance does inform your view of the future in terms of earnings and credit losses. How do the actuals align with Street estimates?
West Grand Lake from Leen's Lodge | Midsummer 2024
As of the Friday close, the WGA Bank Top 10 Index was up over 12% YTD while the Invesco KBW Bank ETF (KBWB) was up a little more than 6.6% over the same period. How could a bunch of smaller specialized banks possibly outperform the larger quasi-monopolies so beloved by equity managers?
Below we show the WGA Bank Top Ten Index constituents and the top ten US banks by assets and also the score for these banks in the WGA Bank Top 100 Index for Q2 2024. Subscribers to the Premium Service have access to the WGA Bank Top 100 Index each quarter including the index weightings. We rebalance the indices about 30 days after the quarter closes.
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