Since last week, while the market was distracted by the geopolitical slapping contest between Israel and Iran, both large banks (#KBE) and regional banks (#KRE) lost 5%, outpacing the S&P500 by more than 2%. JP Morgan, surprisingly, is leading the tumble, down almost 8% since releasing its Q1-24 results. Bank...| JustDario
In about 24 hours, the “Bank Term Funding Programme”, the infamous #BTFP, will be history. There should not have been any surprise about this if it wasn’t for the fact the banking situation today is much worse than it was one year ago when the #BTFP was launched. How dire...| JustDario
THE PILE OF LIES USED TO RAISE THIS #STOCKS BULL MARKET UP TO THE SKY IS NOT WITHSTANDING GRAVITY ANYMORE| JustDario
JP Morgan, Citigroup, Wells Fargo, and State Street will all kick off Q1-24 banks’ earnings season on Friday (or today for those of us based in Asia like me) before US #stocks cash trading opens. As I mentioned in my article earlier this week (link), for Q1-24 banks are already...| JustDario
WITHOUT THE FED BTFP, BANKS WILL NOW HAVE A HARDER TIME TO “HIDE TILL MATURITY” THEIR LOSSES| JustDario