Commercial Banks

Sweet Spot For Financials

Oct 7, 2025 3 min read paid

Today, Oracle disclosed that its AI cloud business—particularly server rentals using Nvidia chips—is yielding very slim profit margins. That news weighed on the stock market, especially on technology stocks. Oracle's stock price fell 2.5%. The Magnificent-7 declined 1.1%. Financial stocks also dropped today. They tend to have more leverage and cyclical exposure, so when sentiment sours, they often fall harder than some defensive sectors.

Ed Yardeni

Big Bank Earnings Are Rip Roaring

Oct 16, 2024 3 min read paid

The third year of the current bull market in stocks got off to a good start this week. It's likely that the Q3 earnings reporting season will be better than expected as suggested by the results reported yesterday and today by some of the major companies in the S&P 500 Financials sector. On Sunday, we wrote that industry analysts expected S&P 500 earnings to

Ed Yardeni
Eric Wallerstein

Disintermediation: New Problem For The Fed

Mar 10, 2023 2 min read

Yesterday's sell-off in the stock market was led by bank stocks. It was mostly triggered by fears that SVB may be the start of a financial crisis that leads to an economy-wide credit crunch and recession. As it has done often in the past, the inverted yield curve has been signaling since last summer that something could break in the financial system if the Fed continues to tighten

Ed Yardeni

Jamie's Hurricane

Mar 9, 2023 2 min read

JPMorgan Chase CEO Jamie Dimon has been warning that a recession is coming. Today, ironically, the bank stocks took it on the chin sending the overall stock market lower because the economy is widely deemed to be too strong, and a solid gain is expected in February's payroll employment tomorrow. Furthermore, fears that next Tuesday's CPI report for February might be higher than expected raised concerns

Ed Yardeni

FTX Crash Isn't Stressing US Credit System

Nov 18, 2022 2 min read

Earlier last week, crypto exchange FTX had to deny customer withdrawal requests of about $5 billion. FTX lent about $10 billion of customers’ funds to Alameda Research for trading purposes. John Ray III is the new CEO of FTX. He was the man who cleaned up the mess at Enron. He says the situation at FTX is even worse, describing what he calls a “complete failure” of corporate control. (Here

Ed Yardeni

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Sweet Spot For Financials

Big Bank Earnings Are Rip Roaring

Disintermediation: New Problem For The Fed

Jamie's Hurricane

FTX Crash Isn't Stressing US Credit System