So with the stocks trading at or near records, it begs the question, should banks get rerated or are they fully valued right now. Let's bring in Tom Misho, CEO of KBW, a steel company. We're bringing him at the top cuz >> I mean this is we thank you very much.Thank you. >> So So we'll we'll start off with you. It does feel like we're at a moment where you can believe in the virtues of deregulation, what the banks are will be able to do now with regulators off their backs, but at the same time there are thes ...

Financial Data and Key Metrics Changes - The company reported a strong quarter with solid organic growth in both loan and deposit portfolios, contributing to strong capital accumulation and robust capital ratios [3][4] - The core net interest margin for the quarter was reported at 4.55%, with expectations of slight compression to 4.50% due to deposit cost pressures and potential further rate cuts [18][21] Business Line Data and Key Metrics Changes - Loan growth was highlighted as a key area of strength, with expectations of high single-digit year-over-year growth continuing into 2026 [9] - Loan fee income has increased significantly, now representing about 40 basis points of the margin, driven by a robust deal market and successful sales efforts [20] Market Data and Key Metrics Changes - The company noted that the mortgage business remains slow, with expectations for improvement in 2026, although current conditions are challenging due to high fallout rates and affordability issues [30][31] Company Strategy and Development Direction - The company is actively pursuing M&A opportunities, although challenges remain due to market conditions and seller expectations [12][33] - The strategic acquisition of a mortgage operation was emphasized as a move to enhance service offerings to high-net-worth clients, with a focus on niche markets [31][32] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the current market conditions and the company's positioning, despite acknowledging macroeconomic uncertainties [3][4] - Concerns regarding credit trends were addressed, with management indicating a cautious approach to provisioning in light of portfolio growth and macro volatility [21][22] Other Important Information - The company highlighted the importance of maintaining strong capital levels and the prudent approach to credit risk management in a volatile environment [22] Q&A Session Summary Question: Loan growth outlook for Q4 and 2026 - Management expects high single-digit year-over-year growth in loans, with a good pipeline of activity [9] Question: Loan pricing dynamics and competition - New loans are expected to be priced slightly below 7.4%, with more pressure on deposit pricing than on loans [11] Question: M&A activity update - The company is actively exploring M&A opportunities, with a disciplined approach to potential transactions [12][33] Question: Net interest margin trajectory - A slight decline in net interest margin is anticipated due to deposit cost pressures and rate cuts [18] Question: Credit trends and reserve increases - Credit performance was strong, with a slight increase in reserves due to macroeconomic concerns [21][38] Question: Outlook for fees and expenses - Core fee income is expected to maintain a similar run rate, with oil and gas revenue being less predictable [28] Question: Mortgage business expectations - The mortgage business is currently slow, but there is hope for improvement in 2026, with a stronger pipeline than six months ago [30][31]

Core Insights - Earnings estimates for the major banks are projected to increase by 10% to 30%, driven by a rebound in investment banking and strong trading performance [1][2] - Investment banking is expected to rise by 22% for the group, while trading for JP Morgan is anticipated to increase by 17% to 19% due to ongoing geopolitical tensions [1][2] - Consumer credit remains stable, with no significant issues reported, as indicated by the master trust data from credit card companies [3][11] Investment Banking and Trading - The investment banking sector has shown a significant recovery from last year's lows, contributing positively to earnings [1] - Trading volatility has been favorable, particularly in Q2, but has calmed in Q3, which may impact banks differently [4][5] - The performance gap between big banks and regional banks is notable, with big banks outperforming by approximately 16% [5][6] Credit Market Insights - Despite some concerns regarding credit, particularly in the auto sector, overall credit conditions remain resilient [9][11] - There are discussions anticipated around the impact of recent bankruptcies on credit standards, especially in private credit [10] - CEOs are expected to address credit situations during earnings calls, particularly in light of the lack of recent macroeconomic data [7][8]

Banksters got the hint led by the Grand Master Jamie Dimon, time to create credit and lend to US industry. More dollars, more $BTC number go up! QE 4 Poor People in action. https://t.co/dBI4fuiDoT ...

President Trump striking a calmer tone on China and the Bears are backing off. >> I have a great relationship with President Xi. He's a very tough man. He's a very smart man. He's a great leader for their country. He's a great leader and I have a great relationship with him. I think we'll get it set. I know what happened. I really understand what happened and I'm not even saying he's wrong. But then we met him with something much tougher than what he did to us. >> Welcome to the Big Money Show. I'm Brian Br ...

In their most mundane form, receivables record a simple form of credit. But when they rise they can disguise a business model under strain https://t.co/2xsw41DWh2 ...

In almost every culture, lending and borrowing are maligned, with unflattering idioms common. Yet credit is the lifeblood of capitalism. Those looking for a balance-sheet item to gripe about could be more inventive https://t.co/EaG740IB0v ...

A pair of high-profile bankruptcies in the auto space First Brands Group and Tricolor Holdings LLC has rattled Wall Street in recent weeks. The distress causing some investors to worry it might be a sign of a bigger issue in overall credit. Jeff Sherman, deputy CIO at DoubleLine Capital, and Amanda Lynam head of macro credit research at BlackRock, discuss credit on "Bloomberg Real Yield". ...

President Luiz Inacio Lula da Silva will announce a new plan to boost Brazil’s housing market with cheaper credit https://t.co/6dGivNy2XF ...

RT Linea.eth (@LineaBuild)The first ETH-backed loan is now live on Linea through @maplefinance!Institutional-grade credit infrastructure continues expanding to where the liquidity is.This is just the beginning. ...