Market Intelligence, ORTEX

ORTEX Market Intel

Market Intelligence

Global Financial Data and Analytics Platform

ORTEX

ORTEX is a global financial data and analytics platform providing real-time securities lending and short interest data, index rebalance data, holdings and insider transactions, trading signals, corporate actions and news,  stock machine learning and factor scores and other analytics. The majority of the data are downloadable and accessible through APIs.

Equity Derivatives

<ul><li>Sentiment read: Options flow split sharply this week.</li><li>Momentum and ETF names drew aggressive call buying, pushing put-call ratios to historic lows.</li><li>At the same time, traders loaded up on puts ahead of several October and November earnings dates, a pattern that dominated the high-severity alerts.</li></ul>

Sentiment read: Options flow split sharply this week.Momentum and ETF names drew aggressive call buying, pushing put-call ratios to historic lows.At the same time, traders loaded up on puts ahead of several October and November earnings dates, a pattern that dominated the high-severity alerts.

Options Weekly: Bears Circle Earnings Names as Call Fever Grips Momentum Stocks

Research and consultancy, Tabbush Report

Daniel Tabbush

Research and consultancy

Tabbush Report

We provide research and consultancy on Asian banks. Our focus is on what we call “Asian bank research, without the noise.” We are interested in the most critical swing-factors for banks, the NPL and credit cycle, and where we believe there is a gap between perception and reality. We often focus on the less studied components of bank financial statements.  Our research is highly thematic, sometimes examining unlisted banks and companies as a window on mainstream banks. 

Being independent allows us to look at smaller banks, often overlooked by others. Analysis of BIS bank guidelines in the context of Asia, is also a focal point, while we also analyze global banks operating in the region. We use what we believe is the most comprehensive, reliable financials database, SNL Financial. S&P Capital IQ augments our database, with corporate data and CEIC, with economics. 

Asian bank research, without the noise.

Thematic (Sector/Industry)

<ul>
<li>US banks report weekly balance sheets, and the data is an good gauge for what we can expect during 1Q25 for profit, and especially core income, at least directionally. </li>
<li>The most recent loan growth data is now even stronger than before, and this is what matters: the weekly data is accelerating. </li>
<li>The pace of weekly YoY growth now is 2.7% during 1Q25 while this was 2.0% during 1Q24, the second derivative is also improving vastly, now up 33% YoY</li>
</ul>


US banks report weekly balance sheets, and the data is an good gauge for what we can expect during 1Q25 for profit, and especially core income, at least directionally. 
The most recent loan growth data is now even stronger than before, and this is what matters: the weekly data is accelerating. 
The pace of weekly YoY growth now is 2.7% during 1Q25 while this was 2.0% during 1Q24, the second derivative is also improving vastly, now up 33% YoY


US Banks - Average YoY Loan Growth During 1Q25 Weeks Is 33% Higher than During Weeks in 1Q24

<ul>
<li>The most recent loan officer survey release from the Fed shows a very strong outlook for US banks during 1Q25 and likely during FY25 as a whole</li>
<li>Core C&amp;I loan demand is rising sharply in the survey and tightening standards on CRE loans are loosening dramatically</li>
<li>Weekly balance sheet data for US banks shows better delta in loans through 19 Feb week, stagnating LLR, and rising LDR</li>
</ul>


The most recent loan officer survey release from the Fed shows a very strong outlook for US banks during 1Q25 and likely during FY25 as a whole
Core C&amp;I loan demand is rising sharply in the survey and tightening standards on CRE loans are loosening dramatically
Weekly balance sheet data for US banks shows better delta in loans through 19 Feb week, stagnating LLR, and rising LDR


US Banks - Senior Loan Officer Survey, Weekly B/S Data, Suggest Strong US Bank Profits

<ul>
<li>Weekly HFD for large US banks shows a profit-positive picture in latest data through 18 December</li>
<li>Loan growth is accelerating in the week and in the past few weeks, with a steady rise in the pace of growth since late November</li>
<li>Where large US banks are growing loans more aggressively, but seeing more negative growth in higher cost Jumbo Deposits, this can be highly positive for core income</li>
</ul>


Weekly HFD for large US banks shows a profit-positive picture in latest data through 18 December
Loan growth is accelerating in the week and in the past few weeks, with a steady rise in the pace of growth since late November
Where large US banks are growing loans more aggressively, but seeing more negative growth in higher cost Jumbo Deposits, this can be highly positive for core income


US Banks - Weekly Loans Surge at Large Banks, With -Ve YoY Growth CRE, Jumbo Deposits Down

<ul>
<li>Weekly HFD for large US banks are turning positive in several areas, making the mosaic even stronger than if just as single series were improving</li>
<li>Loan growth for the largest US banks is now positive even if low, but moving from a negative rate of growth, the trajectory is a steady improvement</li>
<li>Loan loss reserves growth is lowering, suggesting bettering LGD and PD while large time deposit growth is down substantially, improving liquidity risk (which can impact credit)</li>
</ul>


Weekly HFD for large US banks are turning positive in several areas, making the mosaic even stronger than if just as single series were improving
Loan growth for the largest US banks is now positive even if low, but moving from a negative rate of growth, the trajectory is a steady improvement
Loan loss reserves growth is lowering, suggesting bettering LGD and PD while large time deposit growth is down substantially, improving liquidity risk (which can impact credit)


US Banks - Strong Weekly Balance Sheet Figures for Loans, Loan Loss Reserves and Time Deposits

United States

State Street Corporation services institutional investors and manages financial assets worldwide.  The Company's products and services include custody, accounting, administration, daily pricing, international exchange services, cash management, financial asset management, securities lending, and investment advisory services.

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State Street (STT US)

Options Weekly: Bears Circle Earnings Names as Call Fever Grips Momentum Stocks

Sentiment read: Options flow split sharply this week. Momentum and ETF names drew aggressive call buying, pushing put-call ratios to historic...

ORTEX Market Intel

US Banks - Average YoY Loan Growth During 1Q25 Weeks Is 33% Higher than During Weeks in 1Q24

US banks are seeing stronger loan growth in new weekly data, and growth rate now is far higher than what they saw during 1Q24 weeks. Lowering cash,...

Daniel Tabbush

US Banks - Senior Loan Officer Survey, Weekly B/S Data, Suggest Strong US Bank Profits

Data from the Fed's Senior Loan Officer Survey suggest a strong back drop to US bank earnings, as does granular HFD from weekly balance sheets,...

Daniel Tabbush

US Banks - Weekly Loans Surge at Large Banks, With -Ve YoY Growth CRE, Jumbo Deposits Down

Weekly HFD data for large US banks is highly positive: loans accelerating, not CRE loans, with less growth in high cost jumbo deposits, and also...

Daniel Tabbush

US Banks - Strong Weekly Balance Sheet Figures for Loans, Loan Loss Reserves and Time Deposits

The largest US banks by assets are showing HFD that is increasingly positive for loan growth, loan loss reserves growth and large time deposits...

Daniel Tabbush

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