Global Financials Positioning: Funds Hit Maximum Overweight - Rotate Out of USA, into EMEA/Asia
In this report, we look at financials positioning among global equity funds which, in line with global EM funds, are sitting at their highest...
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Credit Costs – US Banks
There are many US banks with high growth in loan loss provision expenses (LLP) in 4Q17. JPMorgan Chase & Co (JPM US) is at 51% YoY. Bank Of...
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Citigroup Core Income Delta and US Banks' Margins
Citigroup Inc (C US) is yet another large bank that shows how interest income gains can be overshadowed by interest expenses, and also rising...
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US Banks – It's Happening
Wells Fargo & Co (WFC US) is now showing interest expense growth exceeding interest income growth. This is true on a QoQ basis in 4Q17 and on a...
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HSBC Holdings Plc – Likely Getting a Big Hickey From President Trump
* Despite bottom-line improvement on a go-forward basis, deferred tax asset (DTA) write-downs are likely at major global financial companies -...
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