Insights

Uncategorized

A Tool for Outperformance: Finding Great Businesses Hidden Inside “Boring” Banks

Improve portfolio growth by avoiding the "clones" Owning typical banks can be a losers game. Most banks compete on price, fight low rates, and miss out on innovations like digital currencies. For these reasons among others, regional banks have lagged the broader markets over the past 5 years. But among the 800 publicly traded banks,… Continue reading A Tool for Outperformance: Finding Great Businesses Hidden Inside “Boring” Banks

Uncategorized

The worst large bank in America? (a constructive 3 minute exercise)

Many years ago I attended a dinner with a group of bank investors, including a good friend later profiled in the movie The Big Short. The topic of Fifth Third came up. Fifth Third had recently sold its payments business to scrounge up capital and my friend blurted out "FIFTH THIRD - WORST BANK EVER!… Continue reading The worst large bank in America? (a constructive 3 minute exercise)

Uncategorized

2021 – The year small banks finally create happy customers, and make more money in the process

2021 is going to be less awful in more ways than you expect. It will be the year banks finally begin to figure out how to make customers' online experience good, while saving money in the process. The issue is as simple as converting to the cloud. You've probably done it by moving from Microsoft… Continue reading 2021 – The year small banks finally create happy customers, and make more money in the process