Tom Brown’s Banking Weekly 5/20/22

–Copyrighted Material; Do Not Forward, Photocopy, or Redistribute In Any Way– Vol. VII, No. 19 TOM BROWN’S BANKING WEEKLY: 5/20/22 Financial Services Insights and Intelligence FIRST WORD: Straight talk with the CBA’s Richard Hunt. In January 2009, right in the midst of the financial crisis, Joe Belew, a terrific person and then-president of the Consumer…

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Tom Brown’s Banking Weekly 5/13/22

Vol. VII, No. 18 TOM BROWN’S BANKING WEEKLY: 5/13/22 Financial Services Insights and Intelligence FIRST WORD: OceanFirst Financial is a prime example of an undervalued banking company. If you had told me in early January that the yield on the ten-year Treasury would be around 3% in early May and that consensus earnings estimates for banks…

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Tom Brown’s Banking Weekly 5/6/22

Vol. VII, No. 17 TOM BROWN’S BANKING WEEKLY: 5/6/22 Financial Services Insights and Intelligence FIRST WORD: Observations from Berkshire Hathaway’s annual meeting. There are some business events I look forward to every year, such as reading certain letters to shareholders, my one-on-one meetings with CEOs, Second Curve Capital’s CEO Retreat, and the Berkshire Hathaway annual shareholders’…

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Tom Brown’s Banking Weekly 4/29/22

–Copyrighted Material; Do Not Forward, Photocopy, or Redistribute In Any Way– Vol. VII, No. 16 TOM BROWN’S BANKING WEEKLY: 4/29/22 Financial Services Insights and Intelligence FIRST WORD: An update on Regions Financial. Regions was one of the companies most hurt by the recession of 2008 and the associated credit problems. The company named Grayson Hall as its…

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Tom Brown’s Banking Weekly 4/22/22

–Copyrighted Material; Do Not Forward, Photocopy, or Redistribute In Any Way– Vol. VII, No. 15 TOM BROWN’S BANKING WEEKLY: 4/22/22 Financial Services Insights and Intelligence FIRST WORD: In Ally Financial, Wall Street is missing the forest for the trees. The typical sell-side financial stock analyst today covers just ten to 15 companies, and they tend…

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Tom Brown’s Banking Weekly 4/14/22

–Copyrighted Material; Do Not Forward, Photocopy, or Redistribute In Any Way– Vol. VII, No. 14 TOM BROWN’S BANKING WEEKLY: 4/14/22 Financial Services Insights and Intelligence FIRST WORD: Brian Moynihan’s power of “AND” plan. Jamie Dimon’s annual letter to shareholders justifiably receives much media attention, and there are other interesting, thoughtfully written letters by other financial services…

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Tom Brown’s Banking Weekly 4/8/22

–Copyrighted Material; Do Not Forward, Photocopy, or Redistribute In Any Way– Vol. VII, No. 13 TOM BROWN’S BANKING WEEKLY: 4/8/22 Financial Services Insights and Intelligence FIRST WORD: Closing the customer experience gaps. In the 1990s, Joe Guyaux, who ran PNC’s retail banking business at the time, opened my eyes to “customer experience gaps.” He showed me data…

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Tom Brown’s Banking Weekly 4/1/22

–Copyrighted Material; Do Not Forward, Photocopy, or Redistribute In Any Way– Vol. VII, No. 12 TOM BROWN’S BANKING WEEKLY: 4/1/22 Financial Services Insights and Intelligence FIRST WORD: Sobering thoughts on subprime consumer credit. Don Berman started CardWorks in 1987 and retired as CEO in October last year. He remains chairman and owns around 70% of the…

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Tom Brown’s Banking Weekly 3/25/22

–Copyrighted Material; Do Not Forward, Photocopy, or Redistribute In Any Way– Vol. VII, No. 11 TOM BROWN’S BANKING WEEKLY: 3/25/22 Financial Services Insights and Intelligence FIRST WORD: The growth story at Veritex keeps getting better. Veritex is one of the great founder-led successful banking companies. Malcolm Holland bought a $135 million bank in Texas in 2010 and,…

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Tom Brown’s Banking Weekly 3/18/22

–Copyrighted Material; Do Not Forward, Photocopy, or Redistribute In Any Way– Vol. VII, No. 10 TOM BROWN’S BANKING WEEKLY: 3/18/22 Financial Services Insights and Intelligence FIRST WORD: It’s looking like another strong year at Equity Bancshares. Equity Bancshares is a $5 billion banking company headquartered in Wichita, Kan., with a banking footprint that also includes Missouri,…

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