Author: tylerheld

How quickly things can change

As part of the FDIC QBP released on 2.28.23, the chart below showed a dramatic swing in unrealized losses in the Available-for-Sale and Held-to-Maturity Securities in bank investments. At first glance, so what? Its an unrealized loss of [likely] longer duration T-bills/bonds paying a fixed rate below what one can get from T-bills today given […]

JPow: “We will stay the course until the job is done.”

The almighty Jerome Powell addressed congress today as part of the Federal Reserve’s Semiannual Monetary Policy Report. He first covered the Current Economic Situation and Outlook: Second, he covered Monetary Policy: How did the market react? Large banks were down on the day: We saw in the FDIC year-end ’22 numbers that retail portfolio’s are […]

The Jan jobs number

The January jobs number garnered a lot of attention given it smashed estimates to the upside (187k estimated vs 517 actual ?). True to form, both bulls and bears are trying to make the case this number supports their expectations of the market looking forward. Lucky for us the Bureau of Labor Statistics breaks down […]

Capital One Q4 ’22 Results are in

Capital One is a fun bank to write about because of the unique make up of their loan portfolio. Pulling some numbers from their 4th Quarter Balance Sheet: Did your eyes catch what stands out in those numbers? Capital One generates a lot of interest income off of credit cards. What do we know generally […]