Banamex Update and Mexican Banks’ April Data – First Look at Early 2Q 2024 Trends
Citibank's Banamex faces lower IPO valuation amid market uncertainty; sector trends show loan growth, but rising credit costs. BanBajio shines...
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Payment Companies – Updated Sector Overview and Potential IPOs
Mixed 2Q24 shares performance, challenging for long investors in payment companies. Visa retained as core holding, with buys PagSeguro and Shift4;...
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Norinchukin Bank – Sector Outlier Rather than Big-Cap Bank Canary in the Coalmine
Norinchukin's big unrealized bond portfolio losses are not representative of interest rate risk in the bigger cap banks, Norinchukin is an...
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Japanese Regional Banks – Adding a Smaller Cap to Our Key Positive Picks
Aside from the usual metrics, we add regional banks' cross-shareholdings as a share of market cap; smaller cap Juroku Financial added to buy list...
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Rakuten Bank (5838 JP) – The Bank in Current Form and the Promise of FinTech Reorganization
Rakuten Bank is set to benefit from rising interest rates in Japan, with potential shareholder benefits from proposed FinTech reorganization; we...
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