Financial Industry 08 (Aug 23 - Dec 26)

[behappyalways]

guess the market finally started discounting the end of the BTFP

*KBW REGIONAL BANKING INDEX FALLS 4.8%, MOST SINCE MAY
https://twitter.com/zerohedge/status/17 ... 4133766570

[behappyalways]

Funny that the Fed crossed out the sentence:
"the US banking is sound and resilient"
https://twitter.com/agnostoxxx/status/1 ... 5772862549

[behappyalways]

Deutsche Bank has the most CRE exposure of the European banks
https://twitter.com/Mayhem4Markets/stat ... 4038799617

[behappyalways]

Germany’s Slow-Motion Property Crash Is a Looming Risk for Banks
https://finance.yahoo.com/news/slow-mot ... 00668.html

[winston]

It Looks Like These Hot Stocks Will Be Taking a Break for the Next Few Weeks

by Jeff Clark

The Financial Select Sector Fund (XLF) is up 32% over the past five months.

It hit a new all-time high yesterday.

And, institutional investors are shoveling money into the sector as they dress up their portfolios for the end of the quarter.

It looks to me like the financial sector will be taking a break for the next few weeks.

Source: Jeff Clark Trader

https://dailytradealert.com/2024/03/25/ ... few-weeks/

[winston]

China property crisis is rippling through its biggest bank

Source: The Edge

https://www.theedgesingapore.com/news/c ... gest-banks

[winston]

It’s Time to Pay Attention to These Stocks Again

by Jeff Clark

Banks Lead the Market

Investor sentiment towards the bank stocks is bullish. Most of the financial television talking heads are talking up the banking sector. Everyone seems to be looking for good earnings results from the banks.

That suggests to me that much of the potential for good news is already discounted in the price of the stocks. So, any hint of bad news could inspire a decline in the banking sector.

And since the banks tend to lead the broad stock market, if BKX starts to fall, the rest of the stock market should follow.

Source: Jeff Clark Trader

https://dailytradealert.com/2024/04/03/ ... cks-again/

[behappyalways]

Big banks are finally starting to pass CRE losses through the income statement.
https://twitter.com/zerohedge/status/17 ... 5318675688

[behappyalways]

Bank Failures Begin Again: Philly's Republic First Seized By FDIC
https://www.zerohedge.com/markets/bank- ... eized-fdic

[winston]

HK Strategy: HK financials’ increasing focus on shareholders’ return

The latest results announcement season highlighted Hong Kong (HK) banks’ increasing focus on shareholder return with dividends and share buybacks.

The expectation of interest rate cuts to be pushed back to 3Q24, coupled with a relatively tight liquidity environment in HK is likely to keep the HIBOR at a relatively higher level, should lend further support HK banks.

Within HK banks, we prefer HK international banks which could benefit from fee and loan growth outside of HK and Mainland China.

HK international banks’, i.e. both HSBC (5 HK) and Standard Chartered (SCB, 2888 HK), better-than-expected guidances are getting traction.

With HSBC’s investment thesis has been pretty well communicated, we believe SCB is likely to have more near-term incremental flow.

We retain our preference of BOCHK among HK domestic banks given relatively cheap valuation among its local peers and potential earnings upward revision.

Source: OCBC