Chris McGratty
KBW head of U.S. bank research
Ticker
Side
Mentions
Opened
Entry
P&L
Thesis
Theme
Source
Long
Apr 10
$124.55
+4.3%
Speaker stated he has liked JP Morgan for a long time, Citigroup is looking decent, and bigger banks are the place to be due to scale, diversification, and consistency. Larger banks possess the triple crown of scale, diversification, and consistency, allowing them to offset weaknesses in one business area with others, leading to strong and resilient ROIs. These banks are expected to perform well and are favored for investment due to their resilience and the permanence of higher valuations. Macro uncertainty could lead to reserve builds or impact investment banking, though diversification mitigates this.
Speaker stated he has liked JP Morgan for a long time, Citigroup is looking decent, and bigger banks are the place to be due to scale, diversification, and consistency. Larger banks possess the triple crown of scale, diversification, and consistency, allowing them to offset weaknesses in one business area with others, leading to strong and resilient ROIs. These banks are expected to perform well and are favored for investment due to their resilience and the permanence of higher valuations. Macro uncertainty could lead to reserve builds or impact investment banking, though diversification mitigates this.
Fintech
Long
Apr 13
$62.69
-1.0%
Citigroup is a top pick due to its upcoming investor day being a pivotal moment for the company's evolution, expected growth of 10-11% this year, and its stock trading near tangible book value with potential for multiple expansion as returns improve towards the low-to-mid teens.
Fintech
Long
Apr 10
$309.87
-4.1%
Speaker stated he has liked JP Morgan for a long time, Citigroup is looking decent, and bigger banks are the place to be due to scale, diversification, and consistency. Larger banks possess the triple crown of scale, diversification, and consistency, allowing them to offset weaknesses in one business area with others, leading to strong and resilient ROIs. These banks are expected to perform well and are favored for investment due to their resilience and the permanence of higher valuations. Macro uncertainty could lead to reserve builds or impact investment banking, though diversification mitigates this.
Speaker stated he has liked JP Morgan for a long time, Citigroup is looking decent, and bigger banks are the place to be due to scale, diversification, and consistency. Larger banks possess the triple crown of scale, diversification, and consistency, allowing them to offset weaknesses in one business area with others, leading to strong and resilient ROIs. These banks are expected to perform well and are favored for investment due to their resilience and the permanence of higher valuations. Macro uncertainty could lead to reserve builds or impact investment banking, though diversification mitigates this.
Fintech
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