JUST IN: Coinbase has partnered with JP Morgan to enable credit card purchases on its platform and let Chase customers redeem points for $USDC https://t.co/aYEhmX8rrL ...

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Summary of Key Points from the Conference Call Industry Overview - The focus is on the banking sector, particularly in Europe and Japan, with a long-standing overweight position on banks globally [2][15]. Core Insights and Arguments 1. **Macro Environment**: - Rising populism is leading to fiscal imprudence, necessitating a fiscal tightening of approximately 3% of GDP in the US to stabilize government debt [3][18]. - Banks benefit from rising bond yields and a steepening yield curve, performing well when currencies like the Euro and Yen appreciate [3][31]. - Private sector loan growth is increasing, particularly in Europe, with corporate lending in France and Italy showing signs of recovery [3][42]. 2. **Valuation**: - Banks in Europe and the US are trading at about a 10% P/E discount to their historical norms, with European banks' cost of equity at 11.6% compared to 8.8% in the US [4][65]. - A significant EPS downgrade of 10-14% is being discounted, which would require a sharp slowdown in growth [4][71]. 3. **Structural Improvements**: - Banks are more resilient to recessions due to lower-risk lending practices and improved regulatory frameworks [5][86]. - Non-macro headwinds have diminished, with reduced litigation risks and improved risk controls [5][88]. - Increased consolidation in the banking sector is expected to benefit incumbents [5][92]. 4. **Tactical Considerations**: - The banking sector is not overly crowded, ranking 8th out of 29 sectors globally [6][103]. - Strong earnings revisions are noted, with banks ranking 2nd in Europe and 5th globally in terms of earnings growth [6][105]. 5. **Preferred Banks**: - Specific banks highlighted for investment include BAWAG, ING, Standard Chartered, Barclays, and others [9][11]. Additional Important Insights - The report emphasizes that banks are becoming akin to consumer staples, offering attractive yields and earnings growth amidst market disruptions [5][95]. - The potential for a weaker dollar is seen as beneficial for European and Japanese banks, while it poses challenges for US banks [38][39]. - The macro model used for banks indicates that further rises in the Euro and PMIs should lead to outperformance of European banks [115][116]. This summary encapsulates the key points discussed in the conference call, providing a comprehensive overview of the banking sector's current landscape and future outlook.

RT Sei (@SeiNetwork)JP Morgan. Goldman Sachs. Bank of America. BlackRock. Mastercard.The entire financial system is coming onchain. Scalable infrastructure matters.Markets Move Faster on Sei. ($/acc) ...

We have been watching a stablecoin slowly take over traditional finance in a very large way. And this is not slowing down. In fact, it's actually accelerating more and more and more.In just the last 30 days, the stable coin market is actually up by 5% almost. And this is pretty big for a market that is 250 plus billion. And monthly transfer volume just surged over $3 trillion.And if we look at the monthly active addresses, over 37 plus million holders over 174 plus million as well. This is a massive market ...

I'm Yo Finance executive editor Brian Sazi. You're taking a look at a live shot of the opening bell on Wall Street on this summer Friday morning. Insurance play Accelerant ringing the bell at the NYC to celebrate its IPO.One that has valued the company at more than $6.2% billion. The cast of the musical Joy uh one I haven't seen getting things popping over at the NASDAQ. Lots going on.Real busy week here. Uh it has been an attentiongrabbing week, I should say, for investors. Tesla had a far from electric qu ...

JP Morgan is updating their p(doom), but for the dollar. https://t.co/NtCivnXCJo ...

So, this would follow in the steps of the other banks. I know JP Morgan just made the announcement yesterday that they're going to allow people to uh to validate their loans by holding crypto. And then uh PNC Bank is also doing the same exact thing and they have roughly $338 billion of assets under management and they're going to allow their customers to buy and hold Bitcoin digital assets.So, it's like the old adage says, uh, you know, first they laugh at you, then they fight you, then eventually they're j ...

The entire altcoin market took a big hit today. And this is because of Ethereum actually, not Bitcoin. What's crazy about this is, you know, I've been seeing a lot of questions asking me, Nick, why did all coins take the leap down today while Bitcoin has barely budged.And that's because we're not focused on Bitcoin anymore. Like I said, we are in phase two of the cycle where it's no longer about Bitcoin. It's more so about what Ethereum does.For an example, if we actually look at the 24hour moves, Bitcoin i ...

Market Analysis & Macroeconomic Factors - Macroeconomic factors significantly influence the crypto cycle, with the U S and Japan deal potentially easing market concerns [1] - Ethereum ETF numbers appear positive, while Bitcoin ETF numbers showed less favorable results [1] Partnerships & Adoption - Coinbase has established partnerships with PNC Bank and JP Morgan [1] Security & Storage - Diversifying crypto storage is crucial [1] - Tangem cold storage wallet is highlighted for its simplicity, security, and EAL 6+ secure rating [1] Educational Resources & Strategies - The document promotes various crypto education resources and trading strategies [1] - Dynamic DCA'ing (Dollar-Cost Averaging) is presented as a strategy [1] - A "Half & Half" method for stress-free profit-taking in new/early cryptos is introduced [1] Risk Management & Scam Awareness - The document emphasizes the importance of avoiding scams and verifying sources [1] - Awareness is raised regarding potential AI scams [1] Platform Recommendations - Kraken is recommended as a platform, with a claim of $25 in the app [1] Tax & Portfolio Tracking - CoinLedger is recommended as crypto tax software with a portfolio tracker [1] Charitable Giving - ProTechos, an organization helping the poor rebuild roofs and training the next generation in carpentry, is mentioned for charitable giving [1] - Amigos De Los Animales Animal Shelter, which saves abandoned dogs in Puerto Rico, is also highlighted for donations [1] Disclaimer - The content is for entertainment purposes only and does not constitute financial, legal, or tax advice; individuals are urged to perform their own research [1]