Refresh
US Large Banks - New B/S Data: CRE Craters, MBS Sharp Decline, LLR & Big Fixed Deposits Up+, SE Flat
HFD shows risk aversion increasing at large US banks. LLR rising a lot and big fixed time deposits, can mean worsening net profit delta. With less...
Daniel Tabbush
239 Views
QBE Insurance - COR 109% in N America Commercial, Where Growth Is High | Debt Surges USD700m in 1H23
COR is now at 109% in North America Commercial segment, where growth of premiums is especially high. Debt is now rising, this is new, up USD700m in...
Daniel Tabbush
355 Views
BBNI - Stock Split to Double Shares on 10 October | NPLs Are in Sharp Decline, Especially Loss Loans
2 new for 1 old stock split on 10 Oct can mean much more liquidity for shares. Mkt cap/assets looks relatively low also when considering ROA. NPLs...
Daniel Tabbush
370 Views
US Banks - Added $122bn Cash In Past 2 Weeks | Loans up $31bn | CRE Loans Down | Deposits up $113bn
US banks are de-risking. Weekly balance sheet data shows almost all new deposits coming in moving into cash. Jumbo time deposits now far higher to...
Daniel Tabbush
364 Views
Remitly - Rev +49% | ROW Rev +120% | Scaling: COGS -25% | Adj EBITDA Margin 2Q23 Is 8.7%, Highest
49% revenue growth 2Q23, COGS/revenue in decline. Adj EBITDA is positive, rising sharply in 2Q23 from 1Q23, 4Q22. Scale, penetration, reach, new...
Daniel Tabbush
314 Views