BCA Research’s US Equity Strategy service put the S&P banks index on downgrade alert. Following the recent Fed stress results and the resulting dividend cuts, banks have continued to trail both the broad equity market…
Neutral - Downgrade Alert Bank stocks fail to catch a break. Following the recent Fed stress results and the resulting dividend cuts, banks have continued to trail both the broad equity market and their early cyclical peers…
BCA Research's Global Investment Strategy service in a recent report assessed the risks to the US banking system from a potential downturn in commercial real estate. In a scenario of high CRE loan losses alone…
Highlights ‘Value’ sector profits are in terminal decline. Bank profits are in terminal decline, because private sector credit is now ‘maxed out’, and the intermediation between borrowers and savers can be done…
China: The Recovery And Equity Dichotomy China’s economic recovery has been gathering steam, and policymakers have become reasonably confident about the growth outlook. In fact, transaction activity in the property market has…
Dear Client, In lieu of our regular report next week, we will be sending you a Special Report from my colleague Garry Evans, Chief Global Asset Allocation Strategist. Garry will be discussing the social and industrial changes that will…
BCA Research's US Investment Strategy service remains bullish on the SIFI banks despite the uncertainty surrounding their outlook. Second quarter earnings provided just that demonstration, at least away from WFC, which has…
Highlights The ultimate extent of credit losses in this cycle is unknown, … : Conventional models are ill-equipped to project the damage that the pandemic will inflict on the economy when monetary and fiscal policymakers are…