In his Travillian Next debut, Michael Perito, Travillian’s Head of Bank Strategy, discusses second-quarter bank earnings with David Feaster, Senior Analyst of Raymond James. Bank stocks have rallied over the past couple of weeks, and optimism around NIM inflection and accelerating M&A pipelines seem to be building as we look towards the second half of 2024. 

The conversation with David covers many topics, notably bank investor’s expectations pre-quarter, commercial real estate credit trends and the impact forward rate expectations can have on earnings revisions and valuations. David notes that improving sentiment amongst bank investors could help sustain increased deal flow and capital raising activity, while he also provides his top two investment ideas currently.