AMEX – Soaring Net Write Offs in US
American Express Co (AXP US; "AMEX") reports a far higher net write-off rate for its US Consumer Services member loans. The rate rose to 2.4% in...
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US Credit Cycle – Revealing Frailties
Visible signs are increasing of risks in the US credit market, and especially in the consumer segment. The latest data points are from Santander...
315 Views
Global Equity Strategy: Overweight EM
Big-picture technicals offer a compelling outlook for equities -- in the long-run. Despite arguably stretched trends, especially in the U.S. and...
792 Views
Credit Costs – US Banks
There are many US banks with high growth in loan loss provision expenses (LLP) in 4Q17. JPMorgan Chase & Co (JPM US) is at 51% YoY. Bank Of...
270 Views
HSBC Holdings Plc – Just Crazy Enough To Work
* Turning HSBC Into Tucker’s Town: In just two months, new Chairman Mark Tucker is already grabbing headlines. However, more than just headlines...
480 Views