Don’t look now, but banks are swimming in cash
What’s the problem again, exactly? Ken Fisher points out that a banking system that’s supposedly on the brink of a systemwide liquidity crunch typically doesn’t look like…
A great banker bids farewell
Wells Fargo’s consumer and small-business banking head, Mary Mack, announced last week that she will retire in May. Mack was running Wells’ brokerage business when she…
Brian Moynihan and Bank of America’s big numbers
It’s not hard to understand why Warren Buffett is such a big fan of Bank of America CEO Brian Moynihan. These two statements from Moynihan’s letter…
Don’t worry. CRE problems don’t pose systemic risk to banks.
COMMERCIAL REAL ESTATE EXPOSURE: Bank first quarter earnings calls begin this week, and so will the endless number of questions for bank managements about their plans to…
More signs of a big bank panic? We’re still waiting
Maybe the SVB and Signature failures aren’t the first signs of an industrywide banking panic, after all. Analysts at Fisher Investments point out that banks’ weekly borrowing from…
Banks’ P/E’s are at a ridiculous extreme
OVERDOING THINGS: OK, this is getting to be ludicrous. Regional banks’ earnings multiples have now fallen by so much during this latest round of banking-industry jitters…
Better visibility comes to Teams
A CURE FOR ZOOM FATIGUE?: Some people spend so much time on Zoom or Teams calls that they grow weary of sharing their face staring at a…
Investors have been bearish for too long. That’s good.
LONG PERIOD OF BEARISHNESS: I take this as a positive. For the 15th consecutive month, the percentage of consumers expecting lower stock prices in the next year exceeded…
Uh-oh. Office rents are starting to fall.
OFFICE LEASE RATES FALLING IN SOME MARKETS: I take this as a sign that the upheaval in the office market won’t end any time soon. At long…
The WSJ swings and misses on First Citizens’ Silicon Valley Bank deal
The editorial writers at the Wall Street Journal seem to be losing their grip. Here they are on Monday, griping about First Citizens’ acquisition of Silicon Valley Bank. “First…