Bank Earnings Setup: Rebound to 2020
Many of the better managed financials that we track have become sellers of assets rather than buyers in the past several months.
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The Institutional Risk Analyst
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Banks | Markets | Finance
R. Christopher Whalen
Sep 20, 202111 min read
The IRA Bank Book | Q3 2021
In the Q3 2021 edition of The IRA Bank Book, we document the slow destruction of US bank asset and equity returns by the FOMC.
365 views
R. Christopher Whalen
Aug 19, 20216 min read
Fed Chairman Jay Powell as RobinHood
There is, after all, no free lunch for investors when the Fed is serving the thin meal of Financial Repression
518 views
R. Christopher Whalen
Jul 12, 20213 min read
Q2 2021 Bank Earnings Setup | GS, JPM, FRC | NIM Lower for Longer
Cheap liquidity c/o the FOMC does little for bank earnings when asset returns are also falling
742 views
R. Christopher Whalen
May 21, 20215 min read
Fed Prepares to Go Direct with Liquidity
Why did the Fed feel the need to absorb $351 billion in cash yesterday via reverse repurchase (RRP) transactions?
7,336 views
R. Christopher Whalen
Mar 12, 20218 min read
The Bank Book Q1 2021: Loss Reserve Releases to Boost Earnings
We anticipate significant loan loss reserve releases back into income in Q1 2021 and thereafter as banks adjust their loan loss provisions
442 views
R. Christopher Whalen
Feb 9, 20214 min read
Don't Fight the Fed -- Yet
Remember when Fed Chair Yellen expressed surprise that more young people were not buying homes?
1,982 views
R. Christopher Whalen
Jan 17, 20215 min read
Q4 Earnings Update: JPM, Citi & WFC
Unless the FOMC relents and eases up on its massive purchases of Treasury securities and MBS, bank earnings are likely to decline further
301 views
R. Christopher Whalen
Sep 14, 20204 min read
Financial Repression and Inflation Targets
No matter who wins the presidential election in November, have no doubt that Chairman Powell is the most important man in town...
655 views
Christopher Whalen
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