Research and News

US banks underperformed significantly in November 2021, the second consecutive month of underperformance despite strong 3Q21 earnings season and higher rate expectations. Thus, BKX index decreased by 5.5% MoM vs -0.1% MoM of SPX index, the first month of...

12 2021, Arbat Capital

investment, banks;

US banks underperformed slightly in October 2021 despite their strong absolute performance, the first time of weaker performance vs the broad market over the last three months. Thus, BKX index increased by 6.3% MoM vs +6.9% MoM of SPX index, the third co...

11 November 2021, Arbat Capital

investment, banks;

US banks outperformed the broad market significantly in September 2021, for the second month in a row. Thus, BKX index increased by 1.6% MoM vs -4.8% MoM of SPX index, the second consecutive month of growth in absolute terms either. Absolute September pe...

10 2021, Arbat Capital

investment, banks;

US banks outperformed the broad market noticeably in August 2021, after two consecutive months of their significant underperformance. Thus, BKX index increased by 5.2% MoM vs +2.9% MoM of SPX index, the first growth in absolute terms during last 3 months...

09 2021, Arbat Capital

investment, banks;

ПОРА ВЫХОДИТЬ ИЗ АКЦИЙ И ПОКУПАТЬ КРАТКОСРОЧНЫЕ ГОС. ОБЛИГАЦИИ ИЛИ МЕНЯТЬ СТРУКТУРУ ПОРТФЕЛЯ АКЦИЙ? Вероятность повышения уровня ставок (особенно долгосрочных) в США и ЕС (в первую очередь – Германии) уже гораздо выше, чем вероятность их снижения...

08 2021, Arbat Capital

investment, banks;

US banks underperformed the broad market significantly in July 2021 again, the second consecutive month of weaker performance after the sector demonstrated better dynamics for 8 months in a row. BKX index decreased by 2.5% MoM vs +2.3% MoM of SPX index, ...

08 2021, Arbat Capital

investment, banks;

US banks underperformed the broad market significantly in June 2021, after it demonstrated better dynamics for 8 months in a row. BKX index decreased by 6.3% MoM vs +2.2% MoM of SPX index, the first decline in absolute terms after five consecutive months...

07 2021, Arbat Capital

investment, banks;

US banks outperformed the broad market again in May 2021, the 8th month in a row of outperformance after five consecutive months of weaker dynamics. BKX index increased by 5.0% MoM vs +0.5% MoM of SPX index, the 4th month in a row of positive absolute pe...

06 November 2021, Arbat Capital

investment, banks;

US banks outperformed the broad market again in April 2021, the 7th month in a row of outperformance after five consecutive months of weaker dynamics. BKX index increased by 5.9% MoM vs +5.2% MoM of SPX index. Absolute April performance was +0.7 std from...

05 December 2021, Arbat Capital

investment, banks;