PM Images Today we continue our Q1 regional bank coverage with Huntington Bancshares Incorporated (NASDAQ:HBAN). We continue to monitor the space closely. There remain macro concerns and pressure on net interest margins, while bank asset quality so far in the banks we follow has been mixed. The largest concern is a higher for longer rate…
Michael M. Santiago Thesis In my previous article (released in Q3 2023, which were released on October 13) that covered JPMorgan Chase & Co. (NYSE:JPM), I assigned a strong buy rating citing that its estimated fair price was around $314.74, an 85% upside from the stock price at the time of $170.1. The stock price…
BalkansCat BNP Paribas SA (OTCQX:BNPQF) is currently offering a high dividend yield that is sustainable over the long term, and its valuation is not demanding compared to peers, making it a good income play right now for long-term investors. Business Overview BNP Paribas is a French bank, being one of the largest banking groups in…
EschCollection/DigitalVision via Getty Images Introduction In this article, we will take a look at Nu Holdings’ most recent earnings, current valuation, and risks. But first, let us take a look at what Nu Holdings exactly is. Nu is a neo-bank, a fancy term for “bank not built on mainframes and maintained by COBOL/FORTRAN”. COBOL stands…
damircudic With a market capitalization as of this writing of nearly $6 billion, Wintrust Financial Corporation (NASDAQ:WTFC) is one of the larger banks that I like to write about. In the middle of June of last year, I wrote a bullish article wherein I discussed the tumble that the stock had seen following the start…
Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Q4 2023 Earnings Conference Call January 26, 2024 10:00 AM ET Company Participants Chuck Shaffer – Chairman and Chief Executive Officer Tracey Dexter – Chief Financial Officer Michael Young – Treasurer and Director of Investor Relations James Stallings – Chief Credit Officer Conference Call Participants Brady Gailey – KBW…
SrdjanPav/E+ via Getty Images Main Thesis & Background The purpose of this article is to evaluate the SPDR S&P Regional Banking ETF (NYSEARCA:KRE) as an investment option at its current market price. This is a fund with an objective to “provide investment results that, before fees and expenses, correspond generally to the total return performance…
Wirestock Dear readers/followers, Banco Santander, S.A. (NYSE:SAN) is a company that I remain invested in at a mid-level. Since my last few articles on the company, this bank has posted a very solid performance that also has seen its valuation climb quite a bit – and, since my last article, the company has outperformed by…
metamorworks Following the failure of several prominent banks in the U.S. and the forced rescue of Credit Suisse in the first quarter, financial sectors remained largely resilient in 2023. This upheaval, triggered by concerns around banks’ unrealized losses, was more pronounced than anticipated in the U.S., prompting sizeable support measures from the Federal Reserve to…
ablokhin Lloyds Banking Group (NYSE:LYG) has more UK current account customers than any other bank and it provides more UK mortgages than any other lender, so when it comes to UK-focused banks, Lloyds is the 800lb gorilla. It’s also one of the most popular shares with dividend investors, with more than two million shareholders. Lloyds…
Lemon_tm Written by Nick Ackerman. RTX Corp. (NYSE:RTX) has been struggling this year, with shares off over 20% in 2023. They’ve been hit by engine recalls in their Pratt & Whitney division that will be a free cash flow headwind for the next couple of years. However, for patient investors who have a longer-term outlook,…
Paul O”Driscoll/Getty Images News KBC Group (OTCPK:KBCSY) offers a high-dividend yield that is sustainable over the medium to long term, being the most attractive feature of its investment case. As I’ve covered in a previous article, KBC is in my opinion one of the European banks with better business fundamentals, being quite attractive for long-term…
JayLazarin In March 2023, the U.S. banking system hit a bump in the road. Several commercial banks failed and the Federal Reserve, even while it continued its program of quantitative tightening, worked with the banking system in order to keep the U.S. financial system working and the U.S. economy growing. In keeping the banking system…
imaginima The times they are changing. The largest banks are moving out and will continue to do so over the next 5- to 10-year period. Why? The ability to scale the size of banks. The financial system is going “digital” and digital depends upon networks and networks are the essence of the ability of the…
FIOR Digital GmbH, the company behind 21bitcoin, one of Europe’s leading Bitcoin platforms, has announced that it has secured a €2.1 million financing round, with the funding being provided by Volksbank Raiffeisenbank Bayern Mitte eG, one of Germany’s most established banks, according to a press release sent to Bitcoin Magazine. “We are investing in this…
Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Q3 2023 Earnings Conference Call October 27, 2023 10:00 AM ET Company Participants Chuck Shaffer – Chairman and Chief Executive Officer Tracey Dexter – Executive Vice President and Chief Financial Officer Michael Young – Treasurer and Director of Investor Relations David Houdeshell – Director of Credit Risk Analytics Conference…
Riska In the sprawling landscape of finance, few things stand as solid as a trusted bank. Among them, American National Bankshares Inc. (NASDAQ:AMNB) shines as a beacon in Virginia’s banking sector. With a history dating back to 1909, this institution is much more than a century-old; it’s a symbol of financial stability and community support….
Binance is currently in the process of finding partners for dealing with fiat transactions in the UK, as British users are still unable to deposit GBP. Leading global cryptocurrency exchange Binance has successfully onboarded fresh fiat partners to facilitate euro transactions after halting the services earlier this year due to regulatory challenges. In an official…
Columbia Banking System, Inc. (NASDAQ:COLB) Q3 2023 Earnings Conference Call October 18, 2023 5:00 PM ET Company Participants Jacque Bohlen – Investor Relations Director Clint Stein – President and Chief Executive Officer Ron Farnsworth – Chief Financial Officer Frank Namdar – Chief Credit Officer Chris Merrywell – President, Umpqua Bank Tory Nixon – President, Umpqua…
DKosig The latest earnings results for banks include words like “record,” “outstanding,” and “doubles.” So far, 2023 has been a banner year for the sector, at least from an earnings perspective. But bank stock prices have yet to eclipse their previous highs. The KBW NASDAQ Global Bank Index, which tracks global banks, has barely grown…
Hero Images Inc Sometimes, the market can move in very interesting ways. This is true not only for the market more generally, but also for individual stocks. Earlier this year, there was a banking crisis that caused most financial institutions to take a beating. While a number of the banks that were affected but ultimately…
This article is featured in Bitcoin Magazine’s “The Withdrawal Issue”. Click here to subscribe now. A PDF pamphlet of this article is available for download. “The special commodity or medium that we call money has a long and interesting history. And since we are so dependent on our use of it and so much controlled…
Chainlink’s Cross-Chain Interoperability Protocol (CCIP) might provide a lasting solution to the challenge posed by blockchain fragmentation. In a recent development, the Australia and New Zealand Banking Group (ANZ), one of Australia’s major banks, is taking significant steps toward the launch of its bank-issued stablecoin A$DC. This move follows a successful test transaction conducted using…
Reimphoto Dear readers/followers, It’s fairly clear to me that Scandinavian banking overall has fallen a bit under the radar, and is offering 7-9% yields with very high margins of safety that either people aren’t all that aware of, or that they actively choose to ignore or not invest in. I view such a choice as…
Hulton Archive The regional bank crisis was the main topic of many finance discussions back in March, as several regional banks failed from a combination of unrealized securities losses and deposit flight. Although the problems are not front-page news at the moment, I fear a new regional bank selloff could be brewing as commercial bank…
JHVEPhoto Research Summary Today I’ll be rating Stifel Financial (NYSE:SF), in the financials sector, investment banking & brokerage subsector. It had its Q2 earnings result on July 26th and I will do a deep dive into some of that data today as well. For readers less familiar with this company, here are relevant points from…
Grafissimo/E+ via Getty Images Thesis Banco BBVA Argentina (NYSE:BBAR) is one of the largest banks in Argentina. It is positioned to benefit from the ongoing digital transformation and the large portion of the unbanked population. The bank excels on all risk metrics and has a robust balance sheet structure. Its loan portfolio is well diversified…
Justin Sullivan Introduction SoFi Technologies, Inc. (NASDAQ:SOFI), originally founded as Social Finance back in 2011, initially focused on assisting individuals with their student loan refinancing needs. Over the years, their scope expanded to encompass a broader array of financial services, including mortgages and personal loans. In 2021, SOFI went public through a distinctive merger, rebranding…
While the exact start date of Tether’s partnership with the bank remains undisclosed, the crypto-focused company has historically been discreet about its banking relationships. Tether, the cryptocurrency giant behind the world’s largest stablecoin, USDT, has forged a new banking alliance with the Britannia Bank & Trust, a private financial services company based in the Bahamas….
Hero Images Inc/DigitalVision via Getty Images Earlier this year, the banking sector experienced a significant but short-lived crisis. That crisis brought down shares of most every player in the industry. Some firms even collapsed entirely. Since then, many of the financial institutions that were hit experienced a nice recovery, though I have yet to see…
SweetBabeeJay Research Brief Hidden amongst the majestic pine forests of the Pacific Northwest, an area I have visited several times, is a dividend quick pick I discovered this week among the regional banking sector. The parent firm behind regional banking brand Umpqua Bank, Columbia Banking System (NASDAQ:COLB), had its Q2 results on July 19th which…
Igor Kutyaev The first half of 2023 saw the beginning of a banking crisis that will have repercussions for years to come, which will lead to a period of consolidation within the banking industry as well as a rethink of the role of banks in the US economy. During this period of significant stress, it…
The Fed said that the newly introduced activities monitoring plan aims to encourage the good aspects of financial innovations along with addressing risks. On Tuesday, August 8, 2023, the US Federal Reserve unveiled new guardrails to enhance the supervision of all the banks involved with crypto and stablecoin activities. Under the “Novel Activities Supervision Program”,…
Custodia, an innovative bitcoin and cryptocurrency bank seeking to establish a charter in Wyoming, took a bold step by filing a groundbreaking lawsuit against the Federal Reserve on June 7, 2022. The legal action stemmed from the Fed’s inexplicable delay in approving Custodia’s application for a “Master Account,” a process that typically takes 5-7 days…