Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

We are witnessing widespread bullish inflections throughout the U. S. Financial Sector, specifically within our Asset Manager, Bank, Credit Card Issuers, and Investment Banks/Brokers Groups. This is also confirmed by the XLF’s relative strength inflection higher. In this week’s report we narrow in on actionable ideas in the following Financial Groups:<ul><li>Mortgage Insurance (FN-20). MTG, RDN, ESNT, NMIH... pages 8-10</li><li>Credit Card Issuers (FN-27). AXP, COF, SYF, DFS... pages 11-13</li><li>Banks, Super-Regional (FN-15). BAC, WFC, USB, PNC, BBT, RF, FITB... pages 14-17</li><li>Banks, Western, Large-Cap (FN-16). SIVB, ZION, WAL, UMPQ, CATY... pages 18-20</li></ul>

We are witnessing widespread bullish inflections throughout the U. S. Financial Sector, specifically within our Asset Manager, Bank, Credit Card Issuers, and Investment Banks/Brokers Groups. This is also confirmed by the XLF’s relative strength inflection higher. In this week’s report we narrow in on actionable ideas in the following Financial Groups:Mortgage Insurance (FN-20). MTG, RDN, ESNT, NMIH... pages 8-10Credit Card Issuers (FN-27). AXP, COF, SYF, DFS... pages 11-13Banks, Super-Regional (FN-15). BAC, WFC, USB, PNC, BBT, RF, FITB... pages 14-17Banks, Western, Large-Cap (FN-16). SIVB, ZION, WAL, UMPQ, CATY... pages 18-20

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Radian Group delivered robust performance in the second quarter of 2025, demonstrating the strength of its high-quality mortgage insurance portfolio and efficient capital management.</li><li>The company reported a net income of $142 million, translating to $1.02 per diluted share, slightly up from $0.98 in the previous quarter.</li><li>Return on equity was 12.5%, and the book value per share increased by 12% year-over-year to $33.18.</li></ul>

Radian Group delivered robust performance in the second quarter of 2025, demonstrating the strength of its high-quality mortgage insurance portfolio and efficient capital management.The company reported a net income of $142 million, translating to $1.02 per diluted share, slightly up from $0.98 in the previous quarter.Return on equity was 12.5%, and the book value per share increased by 12% year-over-year to $33.18.

Radian Group: Tacking Insurance Persistency Fluctuations

<ul><li>Radian Group reported solid financial results for the first quarter of 2025, showcasing a robust performance in its primary mortgage insurance portfolio.</li><li>The company posted net income of $145 million with earnings per diluted share remaining consistent with the previous quarter at $0.98.</li><li>Notably, adjusted diluted net operating income per share was slightly below the previous quarter’s $1.08, landing at $0.99 for this quarter.</li></ul>

Radian Group reported solid financial results for the first quarter of 2025, showcasing a robust performance in its primary mortgage insurance portfolio.The company posted net income of $145 million with earnings per diluted share remaining consistent with the previous quarter at $0.98.Notably, adjusted diluted net operating income per share was slightly below the previous quarter’s $1.08, landing at $0.99 for this quarter.

Radian Group: Primary Mortgage Insurance in Force Growth & Critical Growth Levers!

<ul><li>Radian Group's financial performance for the fourth quarter and full year 2024 illustrates a balanced execution of strategies aimed at maintaining operational efficiency and supporting shareholder value.</li><li>The company reported net income of $604 million for the year, achieving a return on equity of 13.4%.</li><li>This reflects robust operational outcomes supported by a high-quality mortgage insurance portfolio and effective capital management.</li></ul>

Radian Group's financial performance for the fourth quarter and full year 2024 illustrates a balanced execution of strategies aimed at maintaining operational efficiency and supporting shareholder value.The company reported net income of $604 million for the year, achieving a return on equity of 13.4%.This reflects robust operational outcomes supported by a high-quality mortgage insurance portfolio and effective capital management.

Radian Group: Will Its Strong Liquidity Position & Capital Management Act As a Game-Changer for Insurance Innovation?

<ul><li>Radian Group Inc. delivered robust financial results for the third quarter of 2024, with several key metrics showcasing growth and stability.</li><li>The company reported net income of $152 million, translating to $0.99 per diluted share.</li><li>Adjusted diluted net operating income was slightly higher at $1.03 per share, indicating a stable earnings environment.</li></ul>

Radian Group Inc. delivered robust financial results for the third quarter of 2024, with several key metrics showcasing growth and stability.The company reported net income of $152 million, translating to $0.99 per diluted share.Adjusted diluted net operating income was slightly higher at $1.03 per share, indicating a stable earnings environment.

Radian Group: These Are The 5 Biggest Challenges In Its Path! - Major Drivers

United States

Radian Group Inc. provides financial guarantee insurance.  The Company's products and services enable homebuyers to purchase homes more quickly and with smaller down payments, protect lenders against loan default, and lower the costs of mortgage origination and servicing.  Radian also provides insurance and reinsurance to investors in corporate, municipal, and asset-backed securities.

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Radian Group (RDN US)

U. S. Equity Strategy Weekly

We are witnessing widespread bullish inflections throughout the U. S. Financial Sector, specifically within our Asset Manager, Bank, Credit Card...

Vermilion Research

Radian Group: Tacking Insurance Persistency Fluctuations

Radian Group delivered robust performance in the second quarter of 2025, demonstrating the strength of its high-quality mortgage insurance...

Baptista Research

Radian Group: Primary Mortgage Insurance in Force Growth & Critical Growth Levers!

Radian Group reported solid financial results for the first quarter of 2025, showcasing a robust performance in its primary mortgage insurance...

Baptista Research

Radian Group: Will Its Strong Liquidity Position & Capital Management Act As a Game-Changer for Insurance Innovation?

Radian Group's financial performance for the fourth quarter and full year 2024 illustrates a balanced execution of strategies aimed at maintaining...

Baptista Research

Radian Group: These Are The 5 Biggest Challenges In Its Path! - Major Drivers

Radian Group Inc. delivered robust financial results for the third quarter of 2024, with several key metrics showcasing growth and stability. The...

Baptista Research

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