Stocks / ETF
KBEETF
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$67.231d +2.3%5d +1.7%settled close · 2026-11-02
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Mkt cap $1.4B (11/2)β 0.2852w $62–72Shares 21.4MNYSE Arca since 2005
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Who’s talking about KBE
114 long5 neutral54 shortlatest 2026-10-23
| Date | Voice | Stance | Venue | Thesis |
|---|---|---|---|---|
| 2026-10-23 | Cameron DawsonCIO, NewEdge Wealth | Bearish | RiskReversal Media | Investment banking faces a weak IPO pipeline (SpaceX distorts headline dollar figures while deal count is… |
| 2026-10-22 | Jordi VisserHead of AI Macro Nexus Research, 22V Research | Bearish | Julia La Roche Show (feed) | AI agents will instantly shift idle deposits to higher-yield alternatives (crypto, Stripe), destroying banks'… |
| 2026-10-20 | Phil CamporealeChief investment strategist, J.P. Morgan Wealth Management | Bullish | Fox Business (uncut) | A business-friendly administration unlocks better capital deployment, capital markets activity is strong, and… |
| 2026-10-19 | Max KettnerChief multi-asset strategist, HSBC | Bullish | Bloomberg TV (uncut) | Banks outside France have been unjustifiably punished by French contagion fears; earnings revisions in the… |
| 2026-10-19 | Chris HarveyHead of US equity strategy, CIBC Capital Markets | Bearish | Bloomberg TV (uncut) | Banks face multiple compression near-term because a flattening curve, rising rates, and consumer-slowdown… |
| 2026-10-19 | Skylar WinanCIO, Regan Capital | Bullish | Fox Business (uncut) | Winan expects the Fed to hike up to four times over the next 12–18 months, which expands bank net interest… |
| 2026-10-19 | Kenny PolcariChief market strategist, SlateStone Wealth | Bullish | Fox Business (uncut) | Banks were sold off through six consecutive down weeks as markets repriced loan-demand and credit-risk… |
| 2026-10-19 | Julie BielPM & strategist, Kayne Anderson Rudnick | Bearish | CNBC (uncut) | Banks have gotten expensive relative to their fundamentals, face cyclical slowdown risk as M&A, trading, and… |
| 2026-10-19 | Max KettnerChief multi-asset strategist, HSBC | Bullish | Bloomberg Surveillance | European banks outside France have been unjustifiably punished given solid earnings, rising revisions, and… |
| 2026-10-17 | Colin McqueenCo-Portfolio Manager, T. Rowe Price | Bullish | Excess Returns (feed) | European banks have normalized ROE from near-zero (negative rates era) to ~14% as rates turned positive, are… |
Show all 173 mentions
| Date | Voice | Stance | Venue | Thesis |
|---|---|---|---|---|
| 2026-10-16 | Stephen ParkerCo-head of global investment strategy, J.P. Morgan Private Bank | Bullish | CNBC (uncut) | Credit demand and quality outside the weakest consumer cohorts remain fundamentally intact, while banks offer… |
| 2026-10-16 | Rob Sechan (NewEdge Wealth)Co-founder & CEO, NewEdge Wealth | Bullish | CNBC (uncut) | Headline earnings miss creates a buying opportunity in a world-class franchise with healthy underlying… |
| 2026-10-16 | Stephanie Link (Hightower)Chief Investment Strategist, Hightower | Bullish | CNBC (uncut) | Bank stocks sold off but delivered solid quarterly results in all segments except the already-expected-soft… |
| 2026-10-16 | Scott ChronertHead of US equity strategy, Citi Research | Bearish | Bloomberg Open Interest | Midterm election uncertainty and rate sensitivity create near-term headwinds for banks and financials… |
| 2026-10-15 | Jim Cramer (CNBC)Host, CNBC's Mad Money | Bearish | CNBC (uncut) | Bank of America is a consistent multi-year underperformer versus the BKX index and now faces fresh OCC… |
| 2026-10-15 | Ayako YoshiokaPortfolio consulting director, Wealth Enhancement Group | Bullish | Bloomberg TV (uncut) | Higher-rate environment drives NII expansion—JP Morgan raised NII guidance—and overall banking fundamentals… |
| 2026-10-15 | Liz Thomas (SoFi)Head of Investment Strategy, SoFi | Bearish | RiskReversal Media | Big-bank earnings kicked off season with misses or charges rather than the upside catalyst needed to confirm… |
| 2026-10-14 | Cheryl PateSenior portfolio manager, Angel Oak Capital Advisors | Bullish | Bloomberg TV (uncut) | Valuations are supportive of adding to positions and JPMorgan's earnings cycle results are favorable for the… |
| 2026-10-14 | Chris McGrattyHead of U.S. bank research, KBW | Bullish | CNBC (uncut) | Bank of America is a multi-year ROE improvement story with 16%+ ROE capacity trading at only 9x earnings, and… |
| 2026-10-14 | Matt Guest Firm Unidentified | Bullish | CNBC (uncut) | The macro backdrop — CPI trajectory and a pending mega-IPO reopening the IPO window (~$700M in fees) — will… |
| 2026-10-14 | Jim Cramer (CNBC)Host, CNBC's Mad Money | Bullish | CNBC (uncut) | JPMorgan provided a positive net interest income outlook for both the current quarter and 2027, and CEO Dimon… |
| 2026-10-14 | Gerard CassidyCo-head of global financials research, RBC Capital Markets | Bullish | Bloomberg Open Interest | Main Street lenders benefit immediately from rate repricing on commercial loans tied to Fed funds while… |
| 2026-10-14 | Cheryl PateSenior portfolio manager, Angel Oak Capital Advisors | Bullish | Bloomberg Open Interest | JP Morgan is best-in-class among large banks with a better-than-expected NII guide for 2027 and strong asset… |
| 2026-10-14 | Mark NewtonHead of Technical Strategy, Fundstrat | Bullish | Fundstrat | Yield curve steepening driven by growth expectations (not inflation or term premium) combined with falling… |
| 2026-10-13 | Gerard CassidyCo-head of global financials research, RBC Capital Markets | Bullish | Bloomberg TV (uncut) | Capital markets businesses face a second-derivative growth challenge after a strong 2025, while commercial… |
| 2026-10-13 | Chris McGrattyHead of U.S. bank research, KBW | Bullish | Bloomberg TV (uncut) | Largest banks trade at roughly 12x earnings with high-single to low-double-digit earnings revisions… |
| 2026-10-13 | Julia HermannGlobal market strategist, New York Life Investment Management | Bullish | Bloomberg TV (uncut) | European governments finally unleashing fiscal capacity is crowding in private sector investment and directly… |
| 2026-10-13 | Gerard CassidyCo-head of global financials research, RBC Capital Markets | Bullish | Bloomberg Surveillance | Commercial loan growth is accelerating on AI infrastructure demand, net interest margins will initially… |
| 2026-10-13 | Chris McGrattyHead of U.S. bank research, KBW | Bullish | Bloomberg Open Interest | Large US banks including JP Morgan have seen valuation multiples compress to ~12x earnings despite… |
| 2026-10-13 | Julia HermannGlobal market strategist, New York Life Investment Management | Bullish | Bloomberg Open Interest | European bank lending is benefiting from a tailwind as governments unleash fiscal capacity, crowding in… |
| 2026-10-13 | Joe Terranova (Virtus)Chief market strategist, Virtus | Bullish | CNBC Halftime Final Trades | JPMorgan's equity division posted 49% year-over-year growth and NIM guidance improved, offsetting lighter… |
| 2026-10-13 | Josh Brown (Ritholtz)CEO, Ritholtz Wealth Management | Bullish | CNBC Halftime Final Trades | JPMorgan is presenting a rare pullback dip from its August highs (363 to 335) against a backdrop of solid… |
| 2026-10-12 | David GeorgeBank analyst, Baird | Bullish | Bloomberg Open Interest | Banks are down ~12% from their August peak, creating a negative-sentiment setup that historically bodes well… |
| 2026-10-12 | Marija VeitmaneHead of equity research, State Street Global Markets | Bearish | Bloomberg Open Interest | European bank valuations are near multi-year highs relative to history, investor holdings are extended, and… |
| 2026-10-11 | Danielle ParkPresident & Portfolio Manager, Venable Park Investment Counsel | Bearish | Thoughtful Money (Adam Taggart) | TSX financials at record 37% index weight with Canadian banks at their most expensive relative to US banks… |
| 2026-10-10 | Barbara DoranCEO & CIO, BD8 Capital Partners | Bullish | CNBC (newest, named investor) | Bank stocks have already pulled back roughly 12% into earnings season on rate-driven loan-demand concerns… |
| 2026-10-09 | Ayako YoshiokaPortfolio consulting director, Wealth Enhancement Group | Bullish | Bloomberg The Close | JP Morgan and the large multinational banks have multiple earnings levers beyond loan growth — robust capital… |
| 2026-10-09 | Jurrien TimmerDirector of Global Macro, Fidelity Investments | Bullish | The Compound | European banks were structurally impaired by negative rates for years; the shift to positive yields… |
| 2026-10-09 | Ryan Irvine | Bearish | Planet MicroCap | Canadian bank valuations are at 10-15 year highs, making the risk/reward unattractive despite strong… |
| 2026-10-07 | Scott ChronertHead of US equity strategy, Citi Research | Neutral | Bloomberg Surveillance | Downgraded from overweight to market weight as curve dynamics erode net interest margin upside and a… |
| 2026-10-02 | Chamath PalihapitiyaFounder, Social Capital | Bearish | All-In Podcast | Short-term rates surged ~60bps in 30 days (highest since 2002), and based on actual FDIC balance sheets ~95… |
| 2026-10-02 | Quinn ThompsonFounder & CIO, Lekker Capital | Bearish | Forward Guidance | Mortgage rates structurally 100bps higher with no realistic path back down will continue devastating… |
| 2026-10-01 | Bill | Bullish | CNBC Fast Money Final Trade | Financials (XLF, Citi, JPM) have broken their 200-day moving averages due to the velocity of the rate move… |
| 2026-09-29 | Gabriela SantosChief market strategist for the Americas, J.P. Morgan Asset Management | Neutral | Bloomberg Open Interest | Monetary policy has shifted from cuts to hikes putting pressure on bank deposits, and capital markets… |
| 2026-09-18 | Tom Lee (Fundstrat)Co-founder & head of research, Fundstrat | Bullish | The Compound | AI and blockchain are transforming financial services into technology businesses with recurring-revenue… |
| 2026-09-18 | Russell NapierMarket strategist & financial historian | Bullish | The Peter McCormack Show | Banks are a beneficiary asset class in financial repression environments, as rising nominal growth, steeper… |
| 2026-09-17 | Savita SubramanianHead of US Equity Strategy, BofA | Bearish | Bloomberg The Close | Banks face triple headwinds of a flat yield curve, higher rates that may weigh on capital markets activity… |
| 2026-09-15 | Carter WorthMarket technician, Worth Charting | Bearish | CNBC Fast Money Final Trade | BNY Mellon, Northern Trust, and State Street have been massive outperformers far extended above trend and are… |
| 2026-09-12 | Chris WhalenBanking analyst — Whalen Global Advisors | Neutral | Julia La Roche Show | Interest-rate uncertainty makes bank earnings and net-interest-margin visibility poor; the leaders of 2025… |
| 2026-09-10 | Tom Lee (Fundstrat)Co-founder & head of research, Fundstrat | Bullish | Wealthion | AI will transform financial services into a structurally less cyclical business by rebuilding legacy… |
| 2026-09-08 | Larry McdonaldFounder, The Bear Traps Report | Short | Julia La Roche Show | Financials sit at record price-to-book with Wall Street universally long them and deregulation euphoria fully… |
| 2026-09-04 | Louis Vincent GaveCo-founder & CEO, Gavekal | Bullish | Louis-Vincent Gave | European policy environment has improved from catastrophically bad to merely mediocre, triggering a… |
| 2026-08-25 | Lyn AldenIndependent macro strategist | Bullish | LifeWorthLiving | Banks are on the receiving side of large fiscal deficits (interest expense flows to them), already hold high… |
| 2026-08-19 | Kev | Bullish | Tom Lee | JP Morgan is best-of-breed financial services and the IPO market awakening is not over, making it fully… |
| 2026-08-18 | Stephanie Link (Hightower)Chief Investment Strategist, Hightower | Bullish | CNBC Halftime Final Trades | Bank of America posted an exceptional quarter with 15% revenue growth, 17% ROCE, and 660bps of operating… |
| 2026-08-11 | George Blue Cloud TradingHost, Blue Cloud Trading | Bullish | CNBC Halftime Final Trades | XLF Financial sector ETF maintains fully bullish Ichimoku structure on daily and weekly charts — holding… |
| 2026-08-05 | Jared DillianAuthor, The Daily Dirtnap | Bearish | Forward Guidance | Financials are technically topping — the sector is extended at the highs and Dillian is bearish based on… |
| 2026-07-29 | Barry KnappManaging Partner, Ironsides Macroeconomics | Bullish | Wealthion | Warsh Fed plan to deregulate banking and steepen the yield curve (cut policy rate while unwinding… |
| 2026-07-16 | Bill NygrenPortfolio manager, Oakmark Funds | Bullish | CNBC Television | Most large banks and insurers trade at single-digit or very low-teens P/E while returning substantial capital… |
| 2026-07-15 | Peter BoockvarCIO, OnePoint BFG Wealth Partners | Bullish | Wealthion | Japanese banks benefit from a steep yield curve where the BOJ keeps short-term rates pinned at just 1% while… |
| 2026-07-10 | Jim Cramer (CNBC)Host, CNBC's Mad Money | Bearish | CNBC Television | Financial institutions carry uncontrollable credit risk and are the first to be crushed in downturns or… |
| 2026-07-07 | Anthony StevensMarkets reporter, Bloomberg (Hong Kong) | Bullish | Bloomberg Television | European banks are well-performing and uncorrelated to semiconductor momentum, making them the preferred… |
| 2026-07-03 | Josh Brown (Ritholtz)CEO, Ritholtz Wealth Management | Bullish | CNBC Halftime Final Trades | Regional banks are rising on real-economy lending fundamentals (autos, small business, mid-size business)… |
| 2026-06-26 | Josh Brown (Ritholtz)CEO, Ritholtz Wealth Management | Bullish | The Compound | Regional banks are breaking out to new highs and their strength signals a healthy underlying economy because… |
| 2026-06-25 | Cameron DawsonCIO, NewEdge Wealth | Bullish | Tom Lee | Banks are one of the very few sectors with positive earnings revisions in 2026, while positioning is below… |
| 2026-06-18 | Josh Brown (Ritholtz)CEO, Ritholtz Wealth Management | Bullish | CNBC Halftime Final Trades | Strong financial sector tailwinds from the first full capital markets cycle since 2021 — higher quality than… |
| 2026-06-12 | Jim GrantEditor, Grant's Interest Rate Observer | Bullish | Meb Faber | Certain smaller European banks trade at astonishingly low multiples of book value and earnings, offering… |
| 2026-06-11 | Michael Green (Simplify)Chief Strategist & PM, Simplify | Bearish | Wealthion | Banks loaded up on long-duration Treasuries and mortgages at par that now trade at 55–75 cents, parked in HTM… |
| 2026-06-07 | Lyn AldenIndependent macro strategist | Bullish | GoldRepublic Global | Dollar weakening reduces the debt burden for EM financials with dollar liabilities, Brazil's highly hawkish… |
| 2026-06-05 | Charles PayneHost, Making Money / Fox Business Network | Bullish | Fox Mornings with Maria | The narrow tech-led rally is broadening into financials, banks, and industrials, and small-cap equal-weight… |
| 2026-06-01 | Alap ShahCo-Founder & CEO, Littlebird | Bearish | Hidden Forces | Agents will iteratively negotiate and shop financial products on behalf of consumers, bypassing the… |
| 2026-05-21 | Daniel LacalleChief Economist & CIO, Tressis | Bearish | Wealthion | Bond-like sectors with large physical footprints in high-regulation European economies face structural… |
| 2026-04-18 | Chris WhalenBanking analyst — Whalen Global Advisors | Bearish | Julia La Roche Show | Regional banks are holding undisclosed private credit debt that is likely to convert to equity as… |
| 2026-04-11 | Chris WhalenBanking analyst — Whalen Global Advisors | Bearish | Julia La Roche Show | Whalen is not a buyer of bank stocks, citing concerns detailed in his premium research, and notes they have… |
| 2026-04-08 | Scott ChronertHead of US equity strategy, Citi Research | Bullish | Bloomberg The Close | Within large cap, banks offer the clearest cyclical setup as a vehicle for the broadening trade, warranting a… |
| 2026-03-25 | Raoul PalCo-founder, Real Vision; ex-GLG PM | Bullish | Forward Guidance | Japan is deliberately re-igniting bank lending via a steeper yield curve and SLR-style reforms after 30 years… |
| 2026-03-23 | Bill NygrenPortfolio manager, Oakmark Funds | Bullish | Drew Cohen | Banks trade at post-GFC depressed multiples despite having roughly twice the capital, tighter lending… |
| 2026-03-20 | Mike WilsonChief US Equity Strategist, Morgan Stanley | Bullish | Meb Faber | Regional banks have been left behind relative to money-center banks and alternative managers, making them… |
| 2026-03-07 | Chris DavisChairman, Davis Advisors | Bullish | The Financial Economics | JP Morgan never lost money in the 2008 crisis, used government-supported acquisitions to exit with higher… |
| 2026-02-16 | Lyn AldenIndependent macro strategist | Bullish | Bankless | Trade war dynamics are diverting global trade flows through Latin America and benefiting regional banks that… |
| 2026-01-23 | Tom Lee (Fundstrat)Co-founder & head of research, Fundstrat | Bullish | Tom Lee | Banks are investing heavily in AI and technology which will reduce compensation expenses, expand margins… |
| 2026-01-16 | Tim Seymour (Seymour Asset Mgmt)CIO, Seymour Asset Management | Bullish | CNBC Fast Money Final Trade | Regional banks are rerating higher following the money center banks' move, with today's news providing… |
| 2026-01-16 | Jason SnipeCIO, Odyssey Capital Advisors | Bullish | CNBC Halftime Final Trades | Regional banks are attractive because the yield curve continues to steepen and loan demand is returning… |
| 2026-01-16 | Marc FaberEditor, Gloom Boom & Doom Report | Bullish | Meb Faber | Thai bank stocks are cheap on a relative basis even as global banks have rallied strongly since 2020… |
| 2026-01-13 | Karen Finerman (Metropolitan)CEO, Metropolitan Capital Advisors | Bullish | CNBC Fast Money Final Trade | The market's reaction to recent news was overdone, making JPMorgan more attractive as a contrarian buy than… |
| 2026-01-05 | Karen Finerman (Metropolitan)CEO, Metropolitan Capital Advisors | Bearish | CNBC Fast Money Final Trade | The setup going into JPMorgan earnings is unfavorable, so selling upside calls to monetize premium and… |
| 2025-12-24 | Bill NygrenPortfolio manager, Oakmark Funds | Bullish | CNBC Television | Banks still trade at low-teens multiples with meaningfully reduced risk profiles, making them attractive… |
| 2025-12-23 | Mark MobiusEM investor — ex-Franklin Templeton | Bearish | interview | Indian financial stocks are structurally opaque with non-performing loan risk, and the current wave of M&A… |
| 2025-12-22 | Tom Lee (Fundstrat)Co-founder & head of research, Fundstrat | Bullish | Tom Lee | Banks adopting AI will reduce their largest expense (employee compensation), expanding margins and causing… |
| 2025-12-15 | Tom Lee (Fundstrat)Co-founder & head of research, Fundstrat | Bullish | Tom Lee | JP Morgan is criminally undervalued trading at bank multiples (~1x book, 10x earnings) when its heavy… |
| 2025-12-10 | Lyn AldenIndependent macro strategist | Bullish | interview | Regional banks are attractively cheap, broadly avoided by investors, and Alden expects them to deliver upside… |
| 2025-12-09 | Chris Versace (CIBC Private Wealth)CIO, Tematica Research | Bullish | CNBC Fast Money Final Trade | Regional banks benefit from a steeper yield curve, making KRE the preferred bank exposure |
| 2025-12-08 | Ed YardeniPresident, Yardeni Research | Bullish | CNBC Television | Financials will benefit from productivity-enhancing technology adoption as all companies become tech users… |
| 2025-11-19 | Lyn AldenIndependent macro strategist | Bullish | interview | Regulated quasi-monopoly financial businesses can deploy AI to reduce back-end operating costs while their… |
| 2025-11-05 | Bill NygrenPortfolio manager, Oakmark Funds | Bullish | The World According To Boyar | Major banks are better-capitalized, more focused on per-share returns, and trading at barely double-digit PEs… |
| 2025-10-29 | Lyn AldenIndependent macro strategist | Bullish | interview | Banks hold high levels of cash and Treasuries relative to assets buffering them from shocks, the K-shaped… |
| 2025-10-16 | Mohamed El-ErianChief economic adviser, Allianz | Bearish | CNBC Television | Years of loose credit standards and lax lending to reach-for-yield borrowers are likely to produce further… |
| 2025-10-03 | Rob Sechan (NewEdge Wealth)Co-founder & CEO, NewEdge Wealth | Bullish | CNBC Halftime Final Trades | JPMorgan has a favorable setup headed into earnings in two weeks and financials broadly can lead market… |
| 2025-08-27 | Alfonso PeccatielloFounder, The Macro Compass | Bullish | Forward Guidance | European banks are undergoing Japan-style shareholder-friendly consolidation, returning capital, and are… |
| 2025-08-21 | Tyler NevilleTrader, Muddy Waters Capital | Bullish | Forward Guidance | Japanese banks are repatriating capital from US Treasuries into domestic lending as wage-driven inflation… |
| 2025-08-21 | Felix JauvinCo-host, Forward Guidance (Blockworks) | Short | Forward Guidance | TGA refill will hit bank reserves for the first time in 4-5 years forcing credit contraction, rising long-end… |
| 2025-08-12 | Chris VermeulenFounder & Chief Investment Strategist, The Technical Traders | Bearish | Wealthion | JPMorgan shows high-volume red bars and failed to hold its recent high, signaling distribution and short-term… |
| 2025-07-29 | Jason KatzManaging director, wealth management, UBS | Bullish | Fox Varney & Co | Deregulation will loosen capital constraints on banks, freeing them to deploy more capital and drive earnings… |
| 2025-07-21 | Gerald CelenteFounder & Publisher, Trends Research Institute / Trends Journal | Bearish | Wealthion | CRE office loan defaults will trigger a wave of bank failures exceeding the 2023 SVB/Signature/First Republic… |
| 2025-07-11 | Terri KallsenManaging partner, Rise Growth Partners | Bullish | Wealthion | Regional banks are still recovering from 2023 banking stress and should benefit from rate stabilization… |
| 2025-05-28 | David CervantesFounder, Pinebrook Capital Management | Bullish | Forward Guidance | Post-GFC bank deregulation rolling back SLR ratios and raising SIFI thresholds removes regulatory burden from… |
| 2025-05-06 | Meb FaberCo-founder & CIO, Cambria | Bullish | In the Money Clips | European banks have quietly outperformed the Mag 7 over the last three years and remain under the radar of US… |
| 2025-04-15 | Jim BiancoMacro strategist — Bianco Research | Bullish | Wealthion | Bank stocks are trading at the same price levels as 20 years ago despite decades of economic growth… |
| 2025-03-25 | Danielle Dimartino BoothCEO & Chief Strategist, QI Research | Bearish | interview | Higher-for-longer rates are pressuring commercial real estate loan books held by mid-size and smaller… |
| 2025-03-11 | Rick RuleFormer CEO, Sprott US Holdings | Bullish | Wealthion | Well-capitalized community banks without commercial real estate overexposure will gain share as larger… |
| 2025-03-05 | Jeff deGraafFounder & Chairman, Renaissance Macro Research | Bullish | Forward Guidance | New relative strength highs in financials and banks almost globally are inconsistent with an imminent… |
| 2025-02-28 | Jim Lebenthal (Cerity)Partner, Cerity Partners | Bullish | The Compound | JP Morgan is the best-in-class bank and must be owned before any second-tier financials like Citigroup, as… |
| 2025-02-12 | Andreas Steno LarsenFounder & CEO, Steno Research | Bullish | Forward Guidance | European banking index has broken out of a multi-year abyss driven by rising private credit creation, and… |
| 2025-02-07 | David GirouxHead of Investment Strategy & CIO Multi-Asset, T. Rowe Price | Bearish | The Compound | Cyclical financials are trading at 17x earnings versus a 10-year norm of 12-13x, effectively pricing in peak… |
| 2025-01-18 | Joe DuranCEO, Rise Growth Partners | Bullish | Wealthion | Goldman Sachs and JP Morgan are benefiting from a booming M&A and IPO cycle driven by animal spirits in the… |
| 2025-01-17 | Jc ParetsFounder & Chief Market Strategist, All Star Charts | Bullish | The Compound | The equally-weighted index of the six largest US banks just broke out above its Great Financial Crisis high… |
| 2025-01-17 | Quinn ThompsonFounder & CIO, Lekker Capital | Bullish | Forward Guidance | Japan offers cheap relative valuations, banks are in good shape, and a self-reinforcing nominal growth cycle… |
| 2025-01-02 | Chris DavisChairman, Davis Advisors | Bullish | Barron's | Banks are at the front of a long perception shift from 'fragile' to 'boring' — as that transition plays out… |
| 2024-11-19 | Michael CembalestChairman of Market and Investment Strategy, J.P. Morgan Asset Management | Bullish | The Compound | Trump presidency delivers a steeper yield curve and lighter regulation, removing the two biggest structural… |
| 2024-10-15 | Ram AhluwaliaCEO, Lumida Wealth | Bullish | Forward Guidance | Yen carry-trade unwind created an indiscriminate correction in Japanese equities, knocking banks to levels… |
| 2024-10-02 | Geo ChenAuthor, Fidenza Macro | Bullish | Wealthion | Rate-sensitive cyclical sectors have been beaten down and are cheap relative to Mag7; Fed cuts directly… |
| 2024-09-21 | Tyler NevilleTrader, Muddy Waters Capital | Bullish | Forward Guidance | A steeper yield curve — short end anchored by Fed cuts while the long end rises on re-accelerating growth —… |
| 2024-08-31 | Tyler NevilleTrader, Muddy Waters Capital | Bullish | Forward Guidance | Yield curve steepening to positive slope improves bank net interest margins while the bull steepening has… |
| 2024-08-28 | Jonathan WellumCEO & CIO, RockLinc Investment Partners | Bearish | Wealthion | Consumer and mortgage debt levels are dangerously high, commercial real estate losses are still being… |
| 2024-08-27 | David RosenbergEconomist — Rosenberg Research | Bearish | Wealthion | Regional banks face a dual risk of near-insolvent bond portfolios marked-to-market and concentrated… |
| 2024-08-13 | Jonathan WellumCEO & CIO, RockLinc Investment Partners | Bearish | Wealthion | Banks face rising loan-loss provisions, commercial real estate stress, and stretched consumer mortgage books… |
| 2024-08-03 | Jonathan WellumCEO & CIO, RockLinc Investment Partners | Bearish | Wealthion | Regional banks hold concentrated CRE office exposure requiring large write-downs as occupancy structurally… |
| 2024-08-03 | Jim BiancoMacro strategist — Bianco Research | Bullish | Wealthion | Large cap banks are recovering from two years of underperformance as the yield curve un-inverts and improves… |
| 2024-08-01 | Jonathan WellumCEO & CIO, RockLinc Investment Partners | Bearish | Wealthion | Regional banks hold the bulk of US commercial real estate loans and face significant write-downs as CRE… |
| 2024-03-22 | Aswath DamodaranProfessor of finance, NYU Stern | Neutral | interview | JP Morgan trades at 1.5x book value versus Citigroup's 0.5x, which is justified by superior return on equity… |
| 2024-01-15 | George MichelakisFounder & CIO, Gladstone Management | Short | Capital Allocators | Regional banks face the worst operating environment in a decade as rising rates have permanently ended 40… |
| 2024-01-12 | Kyle BassFounder/CIO, Hayman Capital | Bearish | interview | Chinese banks carry 33–45% of assets in Chinese and Hong Kong real estate loans against a backdrop of nearly… |
| 2023-12-20 | Warren BuffettChairman, Berkshire Hathaway | Bearish | OnefootHurdle | Many banks mismatched asset and liability durations by holding long-term instruments funded by short-term… |
| 2023-12-05 | Ben FelixCIO, PWL Capital | Bearish | interview | Covered call ETFs advertise yields as high as 15-60% but writing calls caps upside, resulting in total… |
| 2023-11-24 | Barry SternlichtChairman/CEO, Starwood Capital | Bearish | Emerging Real Estate Digest | Regional banks hold a trillion dollars in real estate loans plus large books of securities with massive… |
| 2023-10-24 | Bill NygrenPortfolio manager, Oakmark Funds | Bullish | Millennial Investing | Large banks trade at 8-9x earnings versus the S&P at ~20x, a historically wide discount that is unwarranted… |
| 2023-10-05 | Luke GromenMacro strategist — founder, FFTT | Bearish | ForexAnalytix | Banks were regulated into buying ~$4.6T of treasuries near all-time-low yields with effectively no capital… |
| 2023-09-09 | Guy SpierManaging Partner, Aquamarine Fund | Bullish | The Young Investors Podcast | Banks benefit in a rising interest rate environment as net interest margins expand when the spread between… |
| 2023-08-16 | Bill NygrenPortfolio manager, Oakmark Funds | Bullish | Morningstar, Inc. | Post-GFC banks have nearly doubled capital ratios, improved lending standards, and gained competitive… |
| 2023-06-15 | Tom Lee (Fundstrat)Co-founder & head of research, Fundstrat | Bullish | Tom Lee | Regional banks are the best-performing sub-index in June (up 10%+), signalling breadth expansion beyond… |
| 2023-06-06 | Tom Lee (Fundstrat)Co-founder & head of research, Fundstrat | Neutral | Tom Lee | Banks are somewhat insulated from the CRE crisis because many loans were originated by private lenders and… |
| 2023-06-01 | Cliff AsnessCo-founder/CIO, AQR Capital | Bearish | David Rubenstein | Banks with commercial real estate exposure face heightened stress as urban office vacancy rises and credit… |
| 2023-05-23 | Kyle BassFounder/CIO, Hayman Capital | Short | Fox Business | A subset of ~20-30 regional banks have commercial real estate exposures at 400-600% of equity, and with… |
| 2023-05-20 | Zoltan PozsarFounder, Ex Uno Plures; ex-Credit Suisse | Bearish | Bitcoin Magazine | Smaller US banks loaded up on long-duration assets while funding with flighty short-term liabilities and… |
| 2023-05-07 | Warren BuffettChairman, Berkshire Hathaway | Bullish | CNBC Television | Buffett proposed the original deal to BofA and likes the management, giving him high conviction to hold… |
| 2023-05-02 | Cem KarsanFounder & CIO, Kai Volatility Advisors | Bearish | CNBC Television | Regional banks face self-fulfilling run dynamics compounded by commercial real estate decay that worsens over… |
| 2023-04-19 | Bill NygrenPortfolio manager, Oakmark Funds | Bullish | CNBC Television | Bank of America's large-bank scale advantages and seasoned deposit base make the SVB-driven sell-off an… |
| 2023-03-29 | Unknown | Bullish | CNBC Fast Money Final Trade | Sell-off on banking news created a buying opportunity with JPMorgan well-positioned heading into earnings in… |
| 2023-03-13 | Jim ChanosShort seller — Chanos & Co (family office) | Short | Market Talk with George Noble | Regional banks carry large commercial real estate loan portfolios done at compressed cap rates that are now… |
| 2023-03-09 | Jim Lebenthal (Cerity)Partner, Cerity Partners | Bullish | CNBC Halftime Final Trades | JPMorgan is not worth 5% less than yesterday and the selloff creates a buying opportunity for those… |
| 2022-12-29 | Bill NygrenPortfolio manager, Oakmark Funds | Bullish | The Investor’s Podcast | Investors are making a significant mistake by extrapolating 2008/COVID charge-off severity onto what will… |
| 2022-10-17 | Steve Weiss (Short Hills)Founder, Short Hills Capital Partners | Bullish | CNBC Halftime Committee | Bank of America delivered a stoic earnings beat driven by better-than-expected net interest income and loan… |
| 2022-10-07 | Courtney Garcia (Payne Capital)Senior Wealth Advisor, Payne Capital | Bullish | CNBC Fast Money Final Trade | JPMorgan earnings due next week present a likely positive surprise catalyst given recent market weakness |
| 2022-09-14 | Kyle BassFounder/CIO, Hayman Capital | Bearish | The Meb Faber Show | Rising rates into a recession will generate non-performing loans in auto finance and mortgages, causing banks… |
| 2022-08-03 | Jim Lebenthal (Cerity)Partner, Cerity Partners | Bullish | CNBC Halftime Committee | JPMorgan trades at ~9x earnings with a 3.5% dividend yield — a fraction of mega-cap tech multiples — making… |
| 2022-02-01 | Bill NygrenPortfolio manager, Oakmark Funds | Bullish | The Intrinsic Value Podcast | Post-GFC banks are structurally far safer (10-15% equity ratios vs. 5-10% pre-crisis, tighter underwriting… |
| 2021-06-08 | Bill NygrenPortfolio manager, Oakmark Funds | Bullish | Value Investing Q&A Series Brown University | Bank of America is already focused on its competitively advantaged businesses with a proven management team… |
| 2021-05-07 | Cathie WoodCEO & CIO, ARK Invest | Bearish | Think Invest | Digital wallets have a 10–75x cost-of-acquisition advantage over banks and are capturing banking, brokerage… |
| 2021-02-21 | Cathie WoodCEO & CIO, ARK Invest | Bearish | samlyn | Digital wallets with structurally lower customer acquisition costs are eroding the loyalty advantage that… |
| 2020-12-17 | Tom HayesFounder & chairman, Great Hill Capital | Bullish | Fox Claman Countdown | Yield curve steepening expectations are at their highest recorded level, and the prior three instances (Nov… |
| 2020-11-19 | Warren BuffettChairman, Berkshire Hathaway | Bullish | Investor Archive | Bank of America has a wonderful deposit franchise and Moynihan has methodically simplified and strengthened… |
| 2020-09-22 | Cathie WoodCEO & CIO, ARK Invest | Bearish | Motivation 2 Invest | Banks face permanent NIM compression from structurally flat-to-inverted yield curves driven by innovation-era… |
| 2020-09-04 | Bill NygrenPortfolio manager, Oakmark Funds | Bullish | ET Now | These sectors trade at high-single-digit to low-teens P/E multiples, offering attractive absolute and… |
| 2020-05-06 | Whitney TilsonFormer hedge fund manager — T2 Partners | Bullish | Stansberry Research | Major US banks are down 40%+ but the Fed is shoring up lending and Buffett is holding his large bank stakes… |
| 2020-01-10 | Tim Seymour (Seymour Asset Mgmt)CIO, Seymour Asset Management | Bullish | CNBC Fast Money Final Trade | Bank of America offers the best value and momentum combination among money center banks heading into… |
| 2020-01-06 | Stanley DruckenmillerChairman/CEO, Duquesne Family Office | Short | Bloomberg Television | Banks are rate-dependent equities that need rising rates to benefit, but in a slowing economy where the Fed… |
| 2019-09-25 | Glenn TongueFounder, Deerhaven Capital Management | Bullish | Whitney Tilson | JPMorgan clears the very high threshold of being an 'inevitable'-type business — one of the few franchises… |
| 2018-12-28 | Cathie WoodCEO & CIO, ARK Invest | Bearish | CNBC Television | The yield curve will invert because inflation will surprise on the low side while growth surprises high due… |
| 2018-12-20 | Stanley DruckenmillerChairman/CEO, Duquesne Family Office | Short | Thayer Tech | Banks are equities that need rising rates for net interest margin yet rising rates hurt equities broadly — a… |
| 2018-07-27 | Bill MillerFounder, Miller Value Partners (retired) | Bullish | Bloomberg Television | Every 100bps increase in the Fed Funds rate adds ~$5B pre-tax to JP Morgan's earnings, and large banks are… |
| 2016-11-25 | François RochonPresident & Portfolio Manager, Giverny Capital | Bullish | Francois Rochon | Net interest margins normalising toward 4%+ (from near-zero) implies ~33% incremental profit growth… |
| 2016-07-18 | Terry SmithFounder & CIO, Fundsmith | Bearish | Fundsmith LLP UK | Chinese bank accounting is unreliable to the point of fiction, making the shares uninvestable regardless of… |
| 2011-04-14 | Michael BurryFounder, Scion Asset Management | Bullish | Vanderbilt University | US QE is actively monetizing the debt and debasing the dollar, making foreign financial system exposure… |
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The options tape
Notable options days
Sessions in the last 120 where KBE’s settled options volume ran ≥ 2× its trailing 20-session baseline, or delta-dollar flow ran ≥ 2.5× — 14 of 120 sessions qualified.
The qualifying dates are the free record. Close, flow, call/LEAPS mix and the 20-session outcome — for every session below — are member content.
| Date | Close | RVOL | Δ$ flow ($M) | Call % | LEAPS % | +20 sess. |
|---|---|---|---|---|---|---|
| 2026-10-14 | ||||||
| 2026-10-12 | ||||||
| 2026-10-09 | ||||||
| 2026-10-07 | ||||||
| 2026-10-06 | ||||||
| 2026-10-02 | ||||||
| 2026-09-21 | ||||||
| 2026-08-27 | ||||||
| 2026-08-26 | ||||||
| 2026-08-24 | ||||||
| 2026-08-20 | ||||||
| 2026-07-24 | ||||||
| 2026-07-08 | ||||||
| 2026-06-25 |
+20 sess. = raw price change over the following 20
sessions — not market-adjusted; the tape tells you where to look,
not what happens next.
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The Wheel · put-selling
KBE on the Wheel
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