Operating at the Intersection of Technology and the Capital Markets
Tag: JPM
If J.P. Morgan CEO Jamie Dimon is leading talks to create a new rescue plan for First Republic Bank (as the WSJ reports), you can be sure the Fed will play a pivotal role. The fear is that absent a bank bail out, Banking weakness could have a negative cascading effect on credit markets and … Continue reading Another Fed Bail Out Is Coming
Fed Chair Powell has the backbone of a jellyfish. Therefore it will be interesting to see what he and his band of banking flunkies do at their FOMC meeting later this month - especially if Financials continue to trade down and should consumer prices remain elevated as we expect (CPI release is Tuesday at 8:30am … Continue reading Powell’s Puzzle. Dimon A Winner.
Tough month for bank stocks. Not a surprise when 3 month T-Bills yield 5%. How many depository institutions can compete at that rate level? Will the Fed blink? If JPM and GS shares crater - Yes. Otherwise, probably not. Also, as we wrote last night, SIVB may have a new owner come Monday. Source: https://g.co/finance/BANK:INDEXNASDAQ?window=1M … Continue reading Tough Month For Banks
Past recessions have taught us that leading Technology companies typically gain marketshare during down economies. I would expect this economic down period to be no different. Good news for Amazon (AMZN), Microsoft (MSFT), and others. Amazon (AMZN) and Microsoft (MSFT): Amazon's AWS unit and Microsoft's Azure unit will be mixed bags: Usage: Usage - and … Continue reading Technology Leaders Will Gain Share
The Federal Reserve's forthcoming digital U.S. Dollar, also known as a Central Bank Digital Currency ("CBDC") will position the Federal Reserve as one of the world's largest FinTech companies. It also means less privacy for consumers and more competition for traditional banks and fintech companies. Central Bank Digital Currencies such as China's digital Yuan and … Continue reading The Federal Reserve Is A FinTech Company In The Making
A digital currency world is coming. The 2022 Beijing Olympics will operate via a digital RMB for local attendees and may include digital cross-border payments as well. Our Federal Reserve is experimenting with digital currency. Both Fed Chair Powell and Treasury Secretary Yellen have talked down Bitcoin and said the U.S. will move slowly with … Continue reading Square, PayPal, and Apple Will Dominate A Digital Currency World
Director & Officer ("D&O") insurance premiums spiked and coverage narrowed last year as a result of COVID-19. As vaccinations are distributed COVID-related underwriting risk will begin to soften which will be reflected in lower premiums and broader coverage. All of this is to say do not expect every mid-to-large-sized company to be fully back to … Continue reading Back To The Office Will Look Different Compared To 2019
Last night it was reported that M&T Bank (tkr: MTB) would acquire People's United (tkr: PBCT) for more than $7 billion. These "scale" acquisitions between regional banks simply delay the inevitable. What is required is the hard work of evolving business models and service delivery capabilities. More of the same won't suffice. Regional banks are … Continue reading Banks Need To Try Something New
AWS, Azure and GCP are to thank in large part for the proliferation of applications powered by broadly-defined AI. The big three remote server platforms have made it increasingly easy for companies of all sizes from all industries to build applications that incorporate core AI, machine learning, deep learning and related capabilities. A wide variety … Continue reading Artificial Intelligence Is Electricity 2.0
We compared a number of Fintech apps in the Google Play Store. Square's Cash App ranked #7 (See our analysis for Fintech rankings). Venmo failed to rank in the top 600. Recent Cash App user reviews from the same Google Play Store analysis suggest Cash App is frequently hacked. View our analysis by clicking the … Continue reading Square’s Cash App Has A Fraud Problem
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