The Institutional Risk Analyst

Obviously, there should be no interest rate cuts by the FOMC without deficit reduction by Congress.

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

The survivors in mortgage finance optimize operations around purchasing loans from brokers/ correspondents, and direct to consumer (DTC)

Our Bank Top 10 and Top 25 indices continue to outperform the industry benchmarks, but the broader samples show growing financial stress

The yield on BAC's $320 billion commercial and industrial (C&I) book was just 5.4% or more than 150bp below peer at year-end 2023.

BK and Vanguard are above the 4.9% legal limit on ownership of voting shares of a bank. This fact gives the FDIC et al the power...

So what makes the WGA Bank Top 10 unique? Below we provide some quantitative and qualitative comments on each of the ten best US banks

Not all banks or companies are the same and not all follow the herd.

Elizabeth Warren and progressives in Congress should support COF's purchase of Discover as a way to compete with monopoly JPMorgan

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

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

The Basel III proposal reflects a view of financial risks facing US banks that is decades out of date and ignores market risk

Simply stated, with T-bills trading significantly above the yield on RRPs, there is no reason for MMFs to leave cash at the Fed

Instead of seeking authority from Congress, Chairman Bernanke and other members of the FOMC merely turned on the public spigot.

We think that doing nothing is a fool’s trade, to be blunt, because the next Treasury refunding could pull market yields sharply higher.

The mood in the Dallas mortgage community is subdued, much like the atmosphere after an especially good party.

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

Inflation is called a “hidden tax,” but lately the tax is not even barely concealed.