Banks - Regional
- 1006.502
- -18.445-1.80%
Close Oct 1 16:00 ET
1025.887High1002.824Low
1025.887Open1024.948Pre Close293.41MVolume35Rise12.71P/E (Static)5.90BTurnover17Flatline0.36%Turnover Ratio1.57TMarket Cap312Fall1.33TFloat Cap
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Analysts predict inflation drop in 2024, foreseeing challenges for regional and small banks, especially those lacking adequate loan-loss reserves. They anticipate more bank failures due to rising borrower delinquencies and falling property values. Most commercial real estate issues are expected to be confined to office space. Some suggest the Federal Reserve may only significantly lower rates in Q4 2024, advising caution with exposure to a broad basket of regional banks in an ETF format.
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S&P is joining Moody’s in downgrading US banks.
The reasons they shared are negative impacts of higher interest rates and decline in deposits.
Futures are down right now. Let’s see how much impact this news has on the banking industry when the market opens again.
$Bank of America (BAC.US)$ $Morgan Stanley (MS.US)$ $JPMorgan (JPM.US)$ $Financial Select Sector SPDR Fund (XLF.US)$ $Invesco Kbw Regional Banking Etf (KBWR.US)$ $Citigroup (C.US)$ $Wells Fargo & Co (WFC.US)$ $Direxion Daily Regional Banks Bull 3X Shares ETF (DPST.US)$ $Banks - Regional (LIST2456.US)$ $KeyCorp (KEY.US)$ $UMB Financial (UMBF.US)$
The reasons they shared are negative impacts of higher interest rates and decline in deposits.
Futures are down right now. Let’s see how much impact this news has on the banking industry when the market opens again.
$Bank of America (BAC.US)$ $Morgan Stanley (MS.US)$ $JPMorgan (JPM.US)$ $Financial Select Sector SPDR Fund (XLF.US)$ $Invesco Kbw Regional Banking Etf (KBWR.US)$ $Citigroup (C.US)$ $Wells Fargo & Co (WFC.US)$ $Direxion Daily Regional Banks Bull 3X Shares ETF (DPST.US)$ $Banks - Regional (LIST2456.US)$ $KeyCorp (KEY.US)$ $UMB Financial (UMBF.US)$
From YouTube
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Columns Online Deposit Bank Rate Tracker: Which Online Bank Cranked Their Savings Account Rate up to 5%?
Online Savings Account League Table—Exhibit 1 is a league table of online savings accounts for the seven online banks we have been tracking since March 2022, plus Bread & Citizens. Bread has the highest savings account rate at 5.00%, followed by Sallie Mae at 4.75%.
Deposit Beta Update—Based on 525bps of cumulative Fed rate hikes, the +386bps average increase in online savings account rates would equa...
Deposit Beta Update—Based on 525bps of cumulative Fed rate hikes, the +386bps average increase in online savings account rates would equa...
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Not too worry if all $Banks - Regional (LIST2456.US)$ Bank Put options are above 65% . As long more put are added. The stock market will not fall. Only worry when Call options are 60% and above.. That will determine the index movement.
Solutions -
$Banks - Regional (LIST2456.US)$
Days before the announcement,
Find some US banks and buy 1k in Put and 500 in Call options. if dept goes defaults (this market crash first to go are all the small bank) 1k could bring you over the moon.
My favourite ~
MCB, WAL, ZION, CMA, BOH, IBTX, SFST, HTLF, INDB, CFG
or like me, put €100 on each and see how it goes 😏
$E-mini NASDAQ 100 Futures(DEC4) (NQmain.US)$
$E-mini Dow Futures(DEC4) (YMmain.US)$
$Dow Jones Industrial Average (.DJI.US)$
...
$Banks - Regional (LIST2456.US)$
Days before the announcement,
Find some US banks and buy 1k in Put and 500 in Call options. if dept goes defaults (this market crash first to go are all the small bank) 1k could bring you over the moon.
My favourite ~
MCB, WAL, ZION, CMA, BOH, IBTX, SFST, HTLF, INDB, CFG
or like me, put €100 on each and see how it goes 😏
$E-mini NASDAQ 100 Futures(DEC4) (NQmain.US)$
$E-mini Dow Futures(DEC4) (YMmain.US)$
$Dow Jones Industrial Average (.DJI.US)$
...
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Major indices were pretty flat again to start the new month.
Investors are digesting the news of JPMorgan acquiring First Republic.
Attention will also be on FOMC meeting that’s happening these 2 days.
The Fed is expected to raise its interest rate by another 25 basis points on Wed. This could be the last time for this tightening campaign.
But what if Powell says he needs another one? Wonder how will the market react.
$SPDR S&P 500 ETF (SPY.US)$ $S&P 500 Index (.SPX.US)$ $Invesco QQQ Trust (QQQ.US)$ $ProShares UltraPro QQQ ETF (TQQQ.US)$ $ProShares UltraPro Short QQQ ETF (SQQQ.US)$ $Amazon (AMZN.US)$ $Microsoft (MSFT.US)$ $First Republic Bank (FRC.US)$ $JPMorgan (JPM.US)$ $NVIDIA (NVDA.US)$ $Tesla (TSLA.US)$ $Apple (AAPL.US)$ $Alphabet-A (GOOGL.US)$ $Advanced Micro Devices (AMD.US)$ $SoFi Technologies (SOFI.US)$ $Uber Technologies (UBER.US)$ $Intel (INTC.US)$ $E-mini NASDAQ 100 Futures(DEC4) (NQmain.US)$ $E-mini S&P 500 Futures(DEC4) (ESmain.US)$ $Starbucks (SBUX.US)$ $Adobe (ADBE.US)$ $Salesforce (CRM.US)$ $CrowdStrike (CRWD.US)$ $Bank of America (BAC.US)$ $Banks - Regional (LIST2456.US)$ $Morgan Stanley (MS.US)$ $Silvergate Capital (SI.US)$ $KBW Nasdaq Bank Index (.BKX.US)$
Investors are digesting the news of JPMorgan acquiring First Republic.
Attention will also be on FOMC meeting that’s happening these 2 days.
The Fed is expected to raise its interest rate by another 25 basis points on Wed. This could be the last time for this tightening campaign.
But what if Powell says he needs another one? Wonder how will the market react.
$SPDR S&P 500 ETF (SPY.US)$ $S&P 500 Index (.SPX.US)$ $Invesco QQQ Trust (QQQ.US)$ $ProShares UltraPro QQQ ETF (TQQQ.US)$ $ProShares UltraPro Short QQQ ETF (SQQQ.US)$ $Amazon (AMZN.US)$ $Microsoft (MSFT.US)$ $First Republic Bank (FRC.US)$ $JPMorgan (JPM.US)$ $NVIDIA (NVDA.US)$ $Tesla (TSLA.US)$ $Apple (AAPL.US)$ $Alphabet-A (GOOGL.US)$ $Advanced Micro Devices (AMD.US)$ $SoFi Technologies (SOFI.US)$ $Uber Technologies (UBER.US)$ $Intel (INTC.US)$ $E-mini NASDAQ 100 Futures(DEC4) (NQmain.US)$ $E-mini S&P 500 Futures(DEC4) (ESmain.US)$ $Starbucks (SBUX.US)$ $Adobe (ADBE.US)$ $Salesforce (CRM.US)$ $CrowdStrike (CRWD.US)$ $Bank of America (BAC.US)$ $Banks - Regional (LIST2456.US)$ $Morgan Stanley (MS.US)$ $Silvergate Capital (SI.US)$ $KBW Nasdaq Bank Index (.BKX.US)$
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MonkeyGee : what is going on with these AI? it's like they are programmed to create FUD news. It's worse than some people I know. Based on I CPI today, inflation drop in 2024 just got pushed off a few more months.