Financial sector veteran, KT Capital Group

Fern Wang

Extensive experience in the financial market covering multiple sectors and products in Moody's, BoA, and Barclays, and a fintech company in China. Work experiences covered Hong Kong, Shanghai and New York.  Last position was a Director at S&P covering financial institutions.

Financial sector veteran

Investors Have Been Buried Their Head in The Sand on Billions of Unrealized HTM Losses

US Banks - Weekly Balance Sheets, Negative C&I Growth, Nearly First Time This Year, Other Negatives

US Banks - Weekly Balance Sheets Show Risk Aversion Remains, New PMI Data Continues to Be Weak

US Banks - Cash +USD90bn in Week, CRE  -0.55% YoY, C&I +0.36% YoY, Book Value Growth Dwindles 3 Wks

US - Fed Liquidity Moves USD147bn Lower In Past 3 Weeks, Pace Is Accelerating

US Banks -  Snapshots Ahead of 3Q23 Results

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

KT Capital Group

Principal investments and advisory firm that focuses on connecting the CIS countries with East Asia.

Principal investments and advisory firm

Equity Bottom-Up

<ul>
<li>The U.S. Big 3 banks delivered strong 3Q23 earnings on the back of record net interest income, despite a lower balance in commercial loans and residential mortgages.</li>
<li>Credit quality is mostly steady, with credit card charge-offs normalized. The main pain point is in CRE, especially for WFC. </li>
<li>The proposed Basel III end game, if materialized, could have a huge impact on JPM and Citigroup in particular.</li>
</ul>


The U.S. Big 3 banks delivered strong 3Q23 earnings on the back of record net interest income, despite a lower balance in commercial loans and residential mortgages.
Credit quality is mostly steady, with credit card charge-offs normalized. The main pain point is in CRE, especially for WFC. 
The proposed Basel III end game, if materialized, could have a huge impact on JPM and Citigroup in particular.


The Big 3 U.S. Banks Delivered Solid Earnings on NII, Benign Credit Quality

JPMorgan Chase & Co

The Big 3 U.S. Banks Delivered Solid Earnings on NII, Benign Credit Quality