Drazen Zigic 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 of the…
TD Bank Branch wdstock The Toronto-Dominion Bank (NYSE:TD)(TSX:TD:CA) stock was in a freefall during today’s trading hours, as details regarding the Department of Justice’s probe of the company’s alleged fentanyl money laundering made their way through the media. Months ago, news broke that TD’s First Horizon (FHN) deal was cancelled due to allegations of aiding…
Pgiam Investment Thesis Hingham Institution for Savings (NASDAQ:HIFS) is in my opinion one of the finest financial establishments in the U.S. The bank has outstanding asset quality thanks to a laser focused approach to risk management and mitigation. The bank has also historically been one of the best performing financial institutions in the U.S. with…
United Community Banks, Inc. (NASDAQ:UCBI) Q1 2024 Earnings Conference Call April 24, 2024 11:00 AM ET Company Participants Lynn Harton – Chairman and CEOJefferson Harralson – CFORich Bradshaw – President and Chief Banking OfficerRob Edwards – CRO Conference Call Participants Catherine Mealor – KBWMichael Rose – Raymond JamesStephen Scouten – Piper SandlerRussell Gunther – StephensGary…
Image Source/DigitalVision via Getty Images Main Thesis/Background The purpose of this article is to discuss the border market backdrop with a specific focus on gold and how it may continue to do well deeper into Q2. This is an asset class I have held for a long time – but it has often been a…
Kirill Stytsenko/iStock via Getty Images There has been a dramatic adjustment to US rates. The two-year yield was near 4.40% before the US employment report on March 8 and it reached near 4.73% before the weekend. The 25 bp surge is the largest weekly increase since last May. For the first time in four months,…
Marc Dufresne Canada’s big banks reported quarterly results that mostly beat expectations. Mario Mendonca, Managing Director with TD Cowen, speaks with MoneyTalk’s Kim Parlee about the results and the outlook for the lenders going forward. Transcript Kim Parlee – Canada’s big banks have reported their quarterly results with most beating expectations. Here to break down…
T-Mobile US, Inc. (NASDAQ:TMUS) Deutsche Bank’s 32 Annual Media, Internet & Telecom Conference Call March 11, 2024 8:50 AM ET Company Participants Jon Freier – President, Consumer Group Conference Call Participants Bryan Kraft – Deutsche Bank Bryan Kraft Okay. All right. Hi, everyone. I’m Bryan Kraft. So I cover the media and telecom cable sectors…
sshepard Welcome to another installment of our BDC Market Weekly Review, where we discuss market activity in the Business Development Company (“BDC”) sector from both the bottom-up – highlighting individual news and events – as well as the top-down – providing an overview of the broader market. We also try to add some historical context…
MR.Cole_Photographer/Moment via Getty Images The week ahead features the first estimate of US Q4 GDP, which will be revised for the next couple of years, and policy meetings by the Bank of Japan, the European Central Bank, the Bank of Canada, and Norges Bank, Norway’s central bank. Although the market anticipates the beginning of an…
BenGoode/iStock via Getty Images The iShares MSCI Australia ETF (NYSEARCA:EWA) holds a representative swath of the Australian market on a value-weighted basis. Financials and mining feature heavily consistent with Australia’s overall economic profile. While we have no major issue with mining, and in fact have our preferred pick Perenti Limited (OTCPK:AUSDF), or any issue with…
sommart ETF Snapshot and Recent Performance Investors looking for targeted access to US regional banks may consider looking at the iShares US Regional Banks ETF (NYSEARCA:IAT). IAT tracks the Dow Jones U.S. Select Regional Banks Index, which in turn is a subset of Dow Jones U.S. Bank Index. Banks that make up the former are…
Nuthawut Somsuk Transcript Marc P. Seidner, CIO Non-traditional Strategies: Hello, and thank you for joining. I’m Marc Seidner, chief investment officer of Non-traditional Strategies at PIMCO. It is my pleasure to be joined by Dr. Ben Bernanke. Both a colleague and a friend. He’s former chair of the US Federal Reserve and deftly steered the…
littleclie By Sandra Rhouma As European inflation rates converge with targets, markets expect rate cuts. But central banks are set on a decisive victory over inflation. Across continental Europe and the UK, inflation rates are trending down, with euro area inflation cooling the fastest among developed market countries (Display). Current and historical analyses do not…
The revised spot Bitcoin ETF proposal from BlackRock provides access to banks, allowing them participate via broker-dealers. Giant asset manager BlackRock Inc (NYSE: BLK) has submitted a revised version of its application for its iShares spot Bitcoin exchange-traded fund (ETF) to the United States Securities and Exchange Commission (SEC). The revised application modifies BlackRock’s ETF, making it easier for…
BlackRock’s recent app update indicates their engagement with the SEC led by Gary Gensler on Dec. 11, marking the third meeting in a series held over the past few weeks. BlackRock Inc (NYSE: BLK) has implemented structural modifications in its application to launch a spot Bitcoin ETF in the US. The updated filing allows Wall…
The partnership between Coinbase and Conio is indicative of a larger trend in Europe that sees traditional banks and other financial institutions accepting cryptocurrencies more and more. The well-known US cryptocurrency exchange Coinbase and Conio, an Italian cryptocurrency wallet provider partly owned by two large Italian companies, have formed a new alliance. This partnership aims…
Dilok Klaisataporn Co-authored with “Hidden Opportunities” The failure of five banking institutions in the U.S. in 2023 rattled investors, and prominent regional bank stocks have sold off. Investors remain nervous about this market segment due to considerable doubts about these companies’ stability and risk posture. The SPDR S&P Bank ETF (KBE) and the SPDR S&P…
Metaco CEO Adrien Treccani agrees that adopting Ripple and Metaco’s solutions increases the chances of adopting XRPL as a protocol. The XRP community is excited at the increased growth prospects of the XRP blockchain since the RIpple-Metaco deal was sealed. Recall that Ripple announced a $250 million acquisition of Swiss crypto custody platform Metaco to…
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…
SNB said that all transactions conducted during this test phase will be secured by digital bonds and settled on SDX using the wCBDC framework. The Swiss National Bank (SNB) has announced its partnership with SIX Digital Exchange (SDX) and other prominent commercial banks in Switzerland for the initiation of a pilot project aimed at testing…
VioletaStoimenova/E+ via Getty Images Q3 Earnings Review for Top US Banks JPMorgan Chase (NYSE:JPM), Citigroup (NYSE:C), and Wells Fargo (NYSE:WFC) reported Q3 earnings on October 13. Below we review the relative performance of these 3 banks and evaluate insights from segment trends and management outlooks. This data provides a useful guideline for investors adjusting portfolios…
Circle Creative Studio/iStock via Getty Images Introduction In today’s article, we’ll explore the Latin American banking company, Bancolombia (NYSE:CIB) which is a financial institution serving a wide range of LA regions, including Colombia, Panama, El Salvador, Puerto Rico, the Cayman Islands, Peru, and Guatemala. The bank provides various financial products and services, from banking to…
This strategic investment, totaling around $65 million, translates to approximately 0.01 percentage point in each bank. The impact on the market was immediate and substantial, with shares of these major banks soaring between 2.43% and 4.73% in the early hours of Thursday. China’s sovereign wealth fund, Central Huijin Investment Ltd, has taken a significant step…
Michael M. Santiago JPMorgan Chase (NYSE:JPM) reports Q3 results on Friday before the market opens. As always, earnings season is kicked off by the big banks, with Wells Fargo (WFC) and Citi (C) also due to come to the confessional box. As the largest bank in the US, JPMorgan emerged as the biggest winner of…
honglouwawa By Carsten Brzeski, Global Head of Macro and James Smith, Developed Markets Economist Central bank rates are reaching their peak globally, and we’re already starting to see rate cuts in certain regions. Here’s what our team expects from policymakers across the world over the next few months. Macrobond, ING Federal Reserve Our call: No…
ipopba “Restrictive for longer” is now the mantra as monetary policymakers seek to bring inflation reliably to target. Executive Summary U.S. Federal Reserve policy has helped bring down U.S. price inflation, but before inflation is firmly on the path to the 2% target, we may see higher unemployment than the Fed is projecting. At the…
Ralf Hahn Massively inflated during the pandemic, corporate profits are still not normalizing, and bode well for future investments and economic growth. So I’ll just start with this, and then I’ll follow with the essential nitty-gritty: “Corporate profits” (all businesses that file corporate tax returns, including LLCs and S corporations, see nitty-gritty #2 below) before…
tadamichi By Shawn Lyons, CFA, Vice President and Portfolio Manager, Franklin Templeton Fixed Income Group The commercial real estate sector’s continued challenges could potentially impact US banks. Franklin Templeton Fixed Income’s Shawn Lyons discusses the ongoing commercial real estate crisis and how US banks are safeguarding themselves against these issues. Office CRE, how bad is…
Central Banks around the world are grappling with the difficult task of managing excessive inflation while maintaining economic development. In recent times, Central Banks in the European Union (EU) are facing a triple dilemma that demands delicate balancing acts and strategic decisions following persistent high inflation that is threatening to cripple the economy. The Triple…
Receive free Singapore updates We’ll send you a myFT Daily Digest email rounding up the latest Singapore news every morning. Banks in Singapore are stepping up scrutiny of customers from a range of countries including China and intensifying efforts to identify the sources of wealth as the city-state reels from a ballooning S$2.4bn (US$1.8bn) money-laundering…
Silent Eight’s software is grounded in generative AI, similar to the technology behind the viral ChatGPT chatbot. Silent Eight, led by CEO Martin Markiewicz, has made it its mission to empower financial institutions to combat financial crimes more efficiently and effectively through the use of its Artificial Intelligence (AI) software. Among Silent Eight’s distinguished clientele…
Get ahead of the market by subscribing to Seeking Alpha’s Stocks to Watch, a preview of key events scheduled for the coming week. The newsletter keeps you informed of the biggest stories set to make headlines, including upcoming IPOs, investor days, earnings reports and conference presentations. Stocks to Watch subscribers can also tune in on…
SWIFT has been actively involved in various CBDC-related projects, including a wholesale CBDC initiative in collaboration with the New York Federal Reserve Bank, utilizing a regulated liability network. SWIFT, a prominent bank messaging platform connecting over 11,500 financial institutions worldwide, announced that three banks have joined the beta phase of its central bank digital currency…
honglouwawa “Chickens coming home to roost” is an idiom that’s been on my mind lately – the idea that your actions will ultimately come back to you. I look at it in parenting terms; how children are raised will be reflected in who they become. For example, my mom helped care for my children when…
The spotlight recently came on sanctioned Russian banks after they were spotted as payment options on some top crypto exchanges. OKX and Bybit appear to have followed in the footsteps of Binance in a recent move that saw the exchanges de-list two Russian banks from their accepted payments option. As seen on both exchanges, Tinkoff…
David Schwartz seems unsurprised that the Fed is reacting negatively to the new stablecoin issued by PayPal. Ripple’s chief technology officer (CTO) David Schwartz has commented on the increased regulatory requirements imposed by the US Fed for the country’s cryptocurrency environment. Schwartz tweeted a shady remark, referring to PayPal’s newly launched stablecoin (PYUSD) and whether or not…
Dilok Klaisataporn/iStock via Getty Images Regional bank stocks in the ETF (KRE) have risen by nearly 30% on average since their May lows but are still down around 17% YTD. Accordingly, there is a significant divide amongst investors regarding the discount value potential of regional banks. One notable example is Fifth Third Bancorp (NASDAQ:FITB), which…
Moody’s is watching the banking sector and has already cut its ratings on several institutions because of ongoing economic headwinds. Bond credit rating platform Moody’s Investors Service has reduced its ratings of several banks in the US. In addition to the cut in these ratings, Moody’s also put several banks under review for possible rating…
-slav- By James Knightley, Chief International Economist Banks tighten lending conditions across the board The Federal Reserve’s efforts to bring inflation under control appear to be bearing fruit based on recent core inflation prints coming in at 0.2% month-on-month, although the US remains some way off from the 2% year-on-year target. The Fed has hiked…
Receive free Bank stress tests updates We’ll send you a myFT Daily Digest email rounding up the latest Bank stress tests news every morning. Only three of Europe’s 70 biggest banks would be forced to raise capital in a doomsday scenario, the EU’s top banking regulator said on Friday, as it praised the “robust” nature…
Pouch has unveiled its latest app feature, “Send Globally,” aimed at simplifying money transfers from the Philippines to U.S. banks. The feature allows Pouch customers, including expats residing in the Philippines, to send Philippine pesos that will be paid out as U.S. dollars to recipients’ U.S. bank accounts. Ethan Rose, CEO of Pouch, emphasized the…