Profile: Bank of Hawaii & QE
The asset returns of BOH are substandard vs its peers. We cannot discern any reason for this save management lapses.
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The Institutional Risk Analyst
© 2003-2024 | Whalen Global Advisors LLC All Rights Reserved in All Media | ISSN 2692-1812
Banks | Markets | Finance
R. Christopher Whalen
Nov 187 min read
Trump, Deficits & Credit Default Swaps
As a practical matter, no Fed chairman or governor can function without the support of the White House and the US Treasury.
892 views
R. Christopher Whalen
Nov 115 min read
Q: Is JPMorgan Overinflated?
The banking industry has segmented into a handful of above-average performers and JPM is the largest leader of these "winners"
1,350 views
R. Christopher Whalen
Nov 18 min read
Fed Duration Trap Threatens Banks, SOMA
It’s time for the Fed to get smart on duration risk before circumstances create another money market crisis.
1,046 views
R. Christopher Whalen
Oct 306 min read
Is Trump Bullish for Interest Rates? Pump & Dump for GSE and Fintech Stocks
You can tell lies and damn lies about the idea of releasing Fannie and Freddie, but the SEC and FINRA cannot and will not say a word.
795 views
R. Christopher Whalen
Oct 78 min read
Chairman Powell Jumps the Shark
The markets got their rate cut over the past six months and now may have to give some of that back.
849 views
R. Christopher Whalen
Oct 16 min read
The Bull Case for Large Banks
If you believe that there is no recession coming in 2025, what is the logical response from an informed investment professional?
605 views
R. Christopher Whalen
Sep 307 min read
Jim Rickards: The Treasury Should Buy Gold
The Treasury should begin to buy gold again to demonstrate that the dollar is real.
2,142 views
R. Christopher Whalen
Sep 246 min read
Update: Our Top Five Ideas
How will the sudden shift in Fed policy impact financials? Are we headed for a recession?
653 views
R. Christopher Whalen
Sep 228 min read
GSE Release Under Trump? Post-Rate Cut Margin Calls??
Why should a private Fannie Mae be a 20% risk weight under Basel III, but PFSI or Mr. Cooper (COOP) are 100%?
475 views
R. Christopher Whalen
Sep 194 min read
Powell FOMC Goes Big and Political
If President Donald Trump wins in November, he’ll be more than justified in demanding Jerome Powell’s immediate resignation.
981 views
R. Christopher Whalen
Sep 99 min read
Powell FOMC Folds on Inflation
As the federal debt rises, bank reserves must rise as well and with it inflation.
1,515 views
R. Christopher Whalen
Aug 189 min read
The Top Seven Banks: JPM, BAC, C, WFC, USB, PNC & TFC
Banks lose money every single day by holding onto a below market security from the 2019-2021 period.
691 views
R. Christopher Whalen
Aug 127 min read
The Powell Hedge Fund Drives Private Market Instability
In 2019, the FOMC essentially nationalized the US money markets, eliminating private price discovery for a representation of a market.
879 views
R. Christopher Whalen
Jul 175 min read
Bank Earnings: JPM, BAC, AX, GS & SCHW
GS saw loss provisions fall slightly in Q2 2024 to $282 million but the number was still $600 million in the first half of the year...
478 views
R. Christopher Whalen
Jul 158 min read
Should the US Exit the Basel Accord in Trump II?
The Basel Accord is one of the single biggest examples of a regulatory agency literally creating a new law from whole cloth.
934 views
R. Christopher Whalen
Jul 710 min read
Goldman Sachs Fails Fed Stress Test
Notice that the Fed stress test is silent on trillions of dollars in mark-to-market losses facing US banks from COVID-era securities
3,034 views
R. Christopher Whalen
Jun 266 min read
Capital Confusion at Ginnie Mae & Mortgage Servicing Rights
Ginnie Mae would rather have issuers raise the NPV of the MSR in cash today than take the price risk of holding the whole MSR through time.
634 views
R. Christopher Whalen
Jun 239 min read
Q2 2024 Earnings Setup: JPM, BAC, WFC, C, USB, PNC, TFC
Citigroup leads the pack with a net loss rate of 133 basis points (bp) that is almost five times the average for Peer Group 1 at 27 bp.
1,431 views
R. Christopher Whalen
Jun 175 min read
Interview: Brian Barnier on the Fed and Inflation in Never Never Land
In the 1950s through maybe into the late 1990s, the FOMC could control mortgage interest rates....
548 views
Christopher Whalen
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