The Institutional Risk Analyst

Sad to say, the business at NYCB is doing better than you'd think reading the bank's absurd disclosure.

The key thing to remember with commercial real estate is the change in price volatility and direction that has occurred since COVID.

As reflected in the valuations for JPM, WFC and BXMT, institutional investors are still not that concerned about commercial real est losses

Many participants in the equity markets are chewing on ski tips this holiday season after boldly predicting lower interest rates in 2024

The world of secured finance is still coming to grips with the idea of several more increases in the federal funds rate this year.

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

With inflation fears moderating, look for Buy Side managers to buy bank stocks – even if earnings remain constrained...

If it’s artificial, then it’s not intelligent.

The Fed's 5.5% increase in short-term interest rates has thrown the pricing for trillions of dollars in real estate into disarray.

When interest rates eventually fall those late vintage mortgage loans with 6% coupons will evaporate like spring snow in the sunshine

Banks that do not aggressively reprice liabilities and assets as OZK did in Q1 2023 may be left behind.

By any reasonable standard, Janet Yellen should have already resigned, but not in the strange world of Washington.

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

How will this above-peer performer from Little Rock do in a Fed-induced recession that rivals 2008 in terms of market losses?

SWCH is performing above the rate of total returns for the data center REITs, according to Nareit

NRZ must pay $400 million to Fortress to end the relationship with the external manager, a final act of squeezing NRZ shareholders

In the short-run rising interest rates and spreads will help bank earnings. But where is the next credit hot spot?

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

We ask whether bank fundamentals are starting to catch up to the very full equity market valuations , up 40% since the end of 2020

Over the next several years, as the economic cost of COVID becomes full visible, New York City may face its second financial crisis