Banks Are Cleaning House Of Their Bad Assets | Chris Whalen – Forward Guidance

Banks Are Cleaning House Of Their Bad Assets | Chris Whalen – Forward Guidance — Transcript

Market views

Bullish

AMEX— Expressing excitement about American Express.
AXOS— Highlighting Axos as an extremely well-managed bank.
FCNB— Praising FCNB as a very well-run institution.
SYNCHRONY— Noting Synchrony as one of the better performers.
DISCOVER— Recognizing Discover as one of the better performers.
STIFLE— Mentioning Stifle as a profitable smaller broker dealer.
RAYMOND JAMES— Mentioning Raymond James as a profitable smaller broker dealer.
JPM— Praising Jamie Dimon for managing the duration on JPMorgan's balance sheet well.
SCHW— Noting Schwab's strategy of taking advantage of their customer base.
US BANK— Describing US Bank as an interesting play with a vast payment platform.
PINNACLE FINANCIAL— Highlighting Pinnacle as a well-run bank acting with purpose.
AMERIPRISE— Expressing excitement about Ameriprise for building value.
GS— Acknowledging Goldman's strength in performing well across the board.
MS— Noting Morgan Stanley's good results in capital markets and trading.
CAPITAL ONE— Discussing Capital One's higher costs and hopes for merging and expense management.
C— Highlighting Citi's valuable asset and potential for a strategic merger.
ALLY— Discussing Ally's high cost of funds and different client bases.
SOFI— Praising SoFi's astute management and different banking strategies.
BANK OF THE OZARKS— Mentioning Bank of the Ozarks' results and involvement in construction.

Not investment advice.