|
Feb 17
|
|
$52.20
$52.59
+0.7%
|
N/A
|
Finnhub News
|
— |
Finnhub - XLF
AI Could Make Or Break Wall Street Banks, Exp...
|
|
Feb 13
|
|
$51.65
$52.59
+1.8%
|
LONG
|
Jonathan Golub
Chief US Equity Strategist, UBS
|
Golub notes that for Republicans to hold Congress in the midterms, they need a consumer that feels "heard" regarding affordability. He predicts policy efforts to "ease the burden," which will funnel money through the banking sector and support housing/consumption. This policy tailwind benefits Financials and Consumer Discretionary stocks. LONG Financials and Consumer Discretionary. Rising delinquencies or a hard landing recession. |
Bloomberg Markets
Bloomberg Surveillance 2/13/2026
|
|
Feb 13
|
|
$51.65
$52.59
+1.8%
|
LONG
|
Jonathan Golub
Chief US Equity Strategist, UBS
|
"In order for Republicans to hold both houses of Congress... there's going to be a lot of effort to ease the burden on consumers... The conduit for that is the financials. You have to prop up the banking sector... Housing stocks, homebuilders like are going to be a focus." This is a political-economy trade. The speaker infers that to win the midterms, the government must artificially stimulate the economy to combat the "affordability" crisis. This requires utilizing banks to distribute liquidity and supporting the housing market (via GSEs buying paper) to lower costs, directly benefiting banks, builders, and consumer stocks. Long Banks, Consumer Discretionary, and Homebuilders as beneficiaries of pre-election fiscal/monetary support. Inflation re-accelerating prevents policy easing; Republicans fail to enact supportive measures. |
Bloomberg Markets
The Tech Basket of Stocks Is 'Incredibly Attr...
|
|
Feb 11
|
|
$52.74
$52.59
-0.3%
|
LONG
|
Lisa Shalett
Chief Investment Officer, Morgan Stanley Wealth Management
|
Financials sold off sharply (e.g., SCHW down 7%) on fears of AI disruption from new fintech tools. The selloff is "silly." AI tools (like tax planning) rely on data that incumbents (banks/wealth managers) own and control. The disruption threat is overstated, creating a value entry point in high-quality financials. LONG Financials (Morgan Stanley's #1 high conviction sector). Rapid adoption of AI agents actually displacing human advisors faster than expected. |
Bloomberg Markets
Bloomberg Surveillance 02/11/2026
|
|
Feb 10
|
|
$53.55
$52.59
-1.8%
|
LONG
|
Brian Moynihan
CEO, Bank of America
|
"That pendulum is swinging back... we want it to be swung back in the middle... less into writing paperwork about something that was not material." Moynihan is explicitly confirming a deregulatory cycle. For G-SIBs (Global Systemically Important Banks), the "pendulum swinging back" implies a reduction in capital surcharge requirements and compliance costs. If banks are allowed to focus on "materiality" rather than "six sigma" perfection on minor errors, operating margins improve, and trapped capital can be released for buybacks or lending. LONG Major Money Center Banks as beneficiaries of a lighter regulatory regime and improved ROE. Political reversal or a sudden credit event that forces regulators to retighten capital requirements. |
CNBC
Bank of America CEO Brian Moynihan: The consu...
|