Editor’s Note: This blog post was adapted from our 2Q 2025 Commentary.
Following last November’s election, with President Trump retaking the White House and Republicans securing both houses of Congress, many expected a new wave of mergers and acquisitions (M&A). We shared that view. But instead of...
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Broad sector performance—whether upward or downward—often obscures individual opportunities lingering beneath the surface. As bottom-up stock pickers, we specialize in identifying these businesses, uncovering those we believe are mispriced and/or overlooked. Currently, two sectors where we’re...
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The contrasting views of Republicans and Democrats on banking regulations could be one of the starkest differences in the upcoming U.S. presidential election: Republicans believe in a more laissez-faire approach while Democrats favor a tighter regulatory environment.
During President Biden’s term,...
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In part one of our blog series Why the Rally in Bank Stocks Can Continue, we discussed the improving clarity on loan losses and reserve levels, and we began examining the potential for cost saves. This week, we continue where we left off.
Cost Savings
Another way we expect banks to capitalize on...
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We recently published a blog entitled Banks in 2008 Versus 2020: This Time Part of the Solution, in which we contrasted the role banks played in the Global Financial Crisis versus the COVID-19 pandemic. We view banks as part of the COVID solution, evidenced by facilitation of the PPP program. With...
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Current Market Environment
The benchmark S&P 500 continued its charge higher during the third quarter of 2020, despite significant increases in COVID-19 cases and certain states such as Florida, Texas, Arizona and California seeing major outbreaks. The market remained focused on the reopening of...
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