The Institutional Risk Analyst

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. 

The rotation away from institutional investors to retail funding source for the $1.7 trillion direct lending market is an ominous sign

We think that the whole banking industry could be driven into multiple periods of loss as they divert income to loss provisions. 

Is AFRM maturing from a hot new fintech entrant to a familiar face headed for a bank license?? Yikes.

COIN has been helped by a groundswell of positive comment about crypto in 2023...

Since Block has not yet changed its ticker symbol, perhaps Mr. Dorsey will eventually change the company's name back to Square...

Take the financials and add some unicorn dust in terms of innovation to the mix and perhaps a double-digit PE ratio for PYPL makes sense.

Is SQ really, REALLY worth 25x book value? Our respectful answer to that question is no.

The evolution of fintech companies into regulated banks has implications for public market valuations...