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Wednesday links: a good process

Abnormal Returns

etf.com) Finance Why Evercore ($EVR) is outperforming other investment banks. on.ft.com) There is still a lot of uncertainty around office building valuations. Nobody really knows. wired.com) The spot Bitcoin ETF fee war is here. axios.com) The long and winding road to a Reddit IPO.

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Wednesday links: confounded economists

Abnormal Returns

theirrelevantinvestor.com) Banks JP Morgan Chase ($JPM) is going earn nearly 20% of U.S. bank profits in 2023. ft.com) Citigroup ($C) trades at a big valuation discount to its competitors. (awealthofcommonsense.com) Michael reviews his ten predictions from 2023 including Bitcoin prices.

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: Western Alliance leads upswing in regional bank stocks; Wedbush upgrades bank to outperform

MarketWatch

in premarket trades on Wednesday after the regional bank said it added $2 billion in deposits from March 31 to April 14. While we experienced elevated net deposit outflows immediately following the closure of other banks, deposit balances quickly stabilized,” the bank said. NYCB, M&T Bank Corp. Chiaverini.

Banking 75
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Bank on it? Top 5 Banking Stocks

Dear Mr. Market

Dear Mr. Market: SVB (Silicon Valley Bank) logo is seen through broken glass in this illustration taken March 10, 2023. Wash, rinse, repeat… Does that little preamble mean banking stocks now will be the oil stocks from just three years ago?

Banking 59
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JPMorgan upgrades Northern Trust to neutral from underweight as trust banks hold up better than regional banks

MarketWatch

Northern Trust should gain deposits in its wealth management business amid turmoil in the regional banking sector, Juneja said in a research note. Its current valuation is in line with its average historical premium to its peers, which is why JPMorgan is neutral on the stock. JPMorgan is also neutral on Bank of New York Mellon Corp.

Banking 52
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: UBS upgrades Goldman Sachs to buy from hold on attractive valuation, lower-risk profile

MarketWatch

GS on Wednesday drew an upgrade to buy from hold at UBS on the stock’s attractive valuation and lower risk profile than its peers.

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10 Thursday AM Reads

The Big Picture

Bloomberg ) • Stock, Bond and Crypto Investors Call Fed’s Bluff on Interest Rates : Many are skeptical as central bank says battle against inflation isn’t over. The Fed: Not So Fast : Traders keep bidding up stock and bond prices in hopes that the central bank will declare victory over inflation.

Valuation 274