The Institutional Risk Analyst

GS had not appeared in the top 25 since we began the indices a year ago, while MS had made it three times.

As and when GS can exit the loss leading credit card relationship with AAPL, the performance of the business should improve significantly.

The Citi decision to exit mortgage servicing perhaps made sense in 2017, but today not so much.

SCHW needs to take advantage of their strong operating leverage and repair some needless damage done during COVID by inept bank management.

If you were really, REALLY going to do mortgage warehouse lending in today's market, KEY would be the better platform, not BNS.

Notice that the Fed stress test is silent on trillions of dollars in mark-to-market losses facing US banks from COVID-era securities

The larger banks led the way in January and February, but today the top 25 names in terms of total return include many smaller banks.

One of the effects of QE has been making many banks and real estate investors insolvent, a precursor to debt defaults.

Large universal banks that ply the capital markets and use essentially infinite leverage in the derivatives markets face challenges

Bank earnings can be best described as cautiously mediocre, but as usual the Street proclaimed that three banks "beat the estimates"

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

We expect to see USB trading at a discount to JPM and Peer Group 1 until the bank improves its operating leverage to pre-COVID levels.

If you agree with our view that the short-selling of the stock was mistaken, then the discount for SCHW is unwarranted.

The funding crisis affecting US banks is not over and very definitely not limited to smaller banks.

Will the market risk created by quantitative tightening (QT) tip over a large bank or nonbank financial firm?

A number of readers have asked us to talk about the winners and losers among large banks in the current interest rate environment.

Total noncore funding at GS was over $700 billion at the end of Q1 2022 vs $321 billion for MS.

Simply stated, Morgan Stanley has a much more diverse and sustainable business model than Goldman Sachs...