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Top related persons:
Christopher McGratty - 5 Banks - 2 McGratty - 2 JPMorgan Chase - 1 Goldman Sachs - 1 there's - 1 Zions - 1 Jamie Dimon - 1
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U.S KBW New York City Miami , Florida Wells Fargo Silicon First Republic Bengaluru
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Bank of America - 2 Comerica - 2 New York Stock Exchange - 1 JPMorgan - 1 T Bank - 1 Zions - 1 Western Alliance - 1 Webster - 1

Search resuls for: "Christopher McGratty"


13 mentions found


☆ What to expect from bank earnings as high interest rates pressure smaller players
  + stars: | 2024-04-11 | by ( Hugh Son | ) www.cnbc.com   time to read: +1 min
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., February 7, 2024. Ever since the chaos of last year's regional banking crisis that consumed three institutions, larger banks have mostly fared better than smaller ones. That trend is set to continue, especially as expectations for the magnitude of Federal Reserve interest rates cuts have fallen sharply since the start of the year. On Monday, M&T Bank posts results, one of the first regional lenders to report this period. The focus for all of them will be how the shifting view on interest rates will impact funding costs and holdings of commercial real estate loans.
Persons: JPMorgan Chase, Goldman Sachs, there's, Christopher McGratty Organizations: New York Stock Exchange, JPMorgan, Bank of America, T Bank Locations: New York City, U.S, KBW
☆ These regional banks are at greatest risk of being taken over by rivals, according to KBW
  + stars: | 2023-11-27 | by ( Hugh Son | ) www.cnbc.com   time to read: +1 min
A trio of regional banks face increasing pressure on returns and profitability that makes them potential targets for acquisition by a larger rival, according to KBW analysts. Banks with between $80 billion and $120 billion in assets are in a tough spot, says Christopher McGratty of KBW. The remaining lenders, including East West Bank, Popular Bank and New York Community Bank each have higher returns and could end up as acquirers rather than targets. "Not every bank is as profitable as others and there are scale demands you have to keep in mind." The moves broadly take measures that applied to the biggest global banks down to the level of institutions with at least $100 billion in assets, increasing their compliance and funding costs.
Persons: Banks, Christopher McGratty, McGratty, Zions Organizations: Comerica, Zions, Western Alliance, Webster, East West Bank, Popular Bank, New York Community Bank, Banking
☆ Bank earnings kick off with JPMorgan, Wells Fargo amid concerns about rising rates, bad loans
  + stars: | 2023-10-12 | by ( Hugh Son | ) www.cnbc.com   time to read: +3 min
Just as they did during the March regional banking crisis, higher rates are expected to lead to a jump in losses on banks' bond portfolios and contribute to funding pressures as institutions are forced to pay higher rates for deposits. The issue constrains the bank's interest revenue and has made the lender the worst stock performer this year among the top six U.S. institutions. Expectations on the impact of higher rates on banks' balance sheets varied. Still, others including KBW and UBS analysts said that other factors could soften the capital hit from higher rates for most of the industry. There's also concern that higher interest rates will result in ballooning losses in commercial real estate and industrial loans.
Persons: Jamie Dimon, Marco Bello, Christopher McGratty, David Konrad, McGratty, Morgan Stanley, Betsy Graseck, Konrad, Gerard Cassidy Organizations: JPMorgan Chase &, Reuters, JPMorgan Chase, Citigroup, Bank, Silicon Valley Bank, First, Bank of America, Comerica, Fifth Third Bank, KeyBank, UBS, RBC Locations: Miami , Florida, U.S, Wells Fargo, Silicon, First Republic
☆ KBW: Regional banks are beating earnings estimates because the bar has been lowered
  + stars: | 2023-07-20 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKBW: Regional banks are beating earnings estimates because the bar has been loweredChristopher McGratty, Head of U.S. Bank Research at KBW, discusses the slew of regional bank earnings out this week.
Persons: Christopher McGratty Organizations: U.S . Bank, KBW
☆ PacWest sells $3.5 billion loan portfolio to asset manager Ares
  + stars: | 2023-06-26 | by ( ) www.reuters.com   time to read: +2 min
June 26 (Reuters) - PacWest Bancorp (PACW.O) unveiled a deal on Monday to sell a $3.54 billion lender finance portfolio to asset manager Ares Management (ARES.N), its latest move to strengthen its balance sheet after it was rocked by the U.S. regional banking crisis. The deal, which helped drive up PacWest shares by more than 6%, came after it said in May it was evaluating asset sales. As a result, PacWest turned to asset sales. Reuters GraphicsPacWest said the lender finance portfolio consisted of high-quality, asset-backed loans from a variety of borrowers. PacWest said it fetched $2.01 billion from selling the first part of its lender finance portfolio, with further tranches to close later.
Persons: Ares Management, Paul Taylor, PacWest, Christopher McGratty, Reuters Graphics PacWest, Banks, Blackstone, Ares, Niket, David French, Shinjini Ganguli, Matthew Lewis Organizations: PacWest Bancorp, U.S, Federal, Reuters Graphics, Barclays, Thomson Locations: KBW, Bengaluru, New York
☆ Here's what analysts are saying after Western Alliance's latest update
  + stars: | 2023-05-17 | by ( Brian Evans | ) www.cnbc.com   time to read: +2 min
Analysts on Wall Street are optimistic on Western Alliance after the bank's latest deposit update. Shares of Western Alliance popped more than 9% in the premarket. The analyst has a $71 per share price target on Western Alliance, which represents about 125% upside from Tuesday's closing price of $31.59. WAL YTD mountain Western Alliance stock has broken out in recent days, gaining 15% in the last five trading sessions. His price target points to more than 100% upside over the next 12 months.
☆ CNBC Daily Open: 10th time's the charm
  + stars: | 2023-05-04 | by ( Jihye Lee | ) www.cnbc.com   time to read: +2 min
WASHINGTON, DC - MAY 03: Federal Reserve Board Chairman Jerome Powell arrives to a news conference following a Federal Open Market Committee meeting on May 3, 2023 in Washington, DC. The Federal Reserve announced a 0.25 percentage point interest rate increase bringing the key federal funds rate to more than 5%, a 16-year high. (Photo by Anna Moneymaker/Getty Images)This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Subscribe here to get this report sent directly to your inbox each morning before markets open.
☆ The market is looking for the next 'domino' to fall, keeping banks under pressure
  + stars: | 2023-05-03 | by ( Hugh Son | ) www.cnbc.com   time to read: +1 min
After an intense few days in which the fate of ailing lender First Republic was finally determined, veteran banking analyst Christopher McGratty was looking forward to some calm. Minutes after the start of regular trading, however, the regional bank stocks he covers for KBW began plunging. "I was like, 'Hey, it's a good day to catch up, it seems like an orderly kind of day,'" McGratty said in a phone interview. "I get back to my desk, and I had 40 emails and 10 voicemails, and my screen was completely red." The sharp selloff in regional banks sparked by the March failure of Silicon Valley Bank resumed Tuesday, catching Wall Street analysts and investors off guard.
☆ Deposit, liquidity, and capital levels will be the regional bank focus
  + stars: | 2023-04-17 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDeposit, liquidity, and capital levels will be the regional bank focusChristopher McGratty, Head of U.S. Bank Research at KBW, discusses his expectations for regional bank earnings.
☆ First Republic falls 25% as regional bank stocks continue to sink
  + stars: | 2023-03-16 | by ( Jesse Pound | ) www.cnbc.com   time to read: +3 min
The struggles for regional bank stocks has continued despite the announcement from U.S. regulators over the weekend of additional support. The SPDR S&P Regional Bank ETF (KRE) has dropped more than 11% this week. The SPDR S&P Regional Bank ETF (KRE) was down another 1% in premarket trading Thursday. However, the Swiss National Bank struck a deal with Credit Suisse to allow the national bank to borrow up to roughly $54 billion. But while Credit Suisse's struggles could have ripple effects throughout the global banking system, the Swiss bank's problems appear to be unrelated to the U.S. regional banks.
☆ First Republic leads losses among U.S. regional banks on contagion fears
  + stars: | 2023-03-13 | by ( Medha Singh | ) www.reuters.com   time to read: +4 min
[1/2] A person walks past the Park Avenue location of the First Republic Bank, in New York City, U.S., March 10, 2023. REUTERS/David 'Dee' DelgadoMarch 13 (Reuters) - Shares of U.S. regional banks slumped on Monday, led by losses in First Republic Bank (FRC.N) as news of fresh financing failed to assuage bank contagion fears following the collapse of SVB Financial Group (SIVB.O) and Signature Bank (SBNY.O). The KBW regional banking index (.KRX) slipped 5.4%, and the S&P 500 banking index (.SPXBK) fell 6%. U.S. President Joe Biden vowed to do whatever was needed to address a potential banking crisis after the collapse of Silicon Valley Bank and Signature Bank. Among Wall Street lenders, Bank of America Corp (BAC.N) dropped 3.3%, Citigroup Inc (C.N) and Wells Fargo (WFC.N) slid about 6% each, while lenders in Asia and Europe plunged too.
☆ KBW gives a slew of safe-haven bank stocks to buy after SVB collapse
  + stars: | 2023-03-13 | by ( Sarah Min | ) www.cnbc.com   time to read: +2 min
Some bank stocks remain "safe havens" for investors even after the Silicon Valley Bank collapse , according to Keefe, Bruyette & Woods. The firm recommended 11 stocks that investors should buy "right here, right now" following the sell-off in bank stocks in the wake of SVB's failure, as well as the regulatory response over the weekend, according to a Sunday note. That could spell a buying opportunity for some bank stocks. "We see a potentially significant rebound in several bank stocks, as the market is likely to believe that the Fed and FDIC stuck the landing," analyst Christopher McGratty said to clients on Sunday. Old National Bancorp is a buying opportunity that's also a best idea for 2023, according to the note.
☆ First Republic shares dive on contagion fear, dragging U.S. regional banks
  + stars: | 2023-03-13 | by ( Medha Singh Tatiana Bautzer | Medha Singh | Tatiana Bautzer | ) www.reuters.com   time to read: +4 min
[1/2] A person walks past the Park Avenue location of the First Republic Bank, in New York City, U.S., March 10, 2023. There were multiple trading halts on bank shares as the KBW regional banking index (.KRX) fell 5.4%, and the S&P 500 banking index (.SPXBK) dropped 6%. Hogan said each regional bank has its own exposure to different parts of the market. He added the fate of regional bank stocks will be "case by case" as investors look to see which ones could have the most negative exposure. "First Republic Bank, which has significant exposure to the coastal real estate markets appears to be next on the list".
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