Historically, the fall in gold prices (left scale inverted in the chart below) forecast the sharp recovery in the 10-year TIPS yield, both in 2013 from -0.8% to 1.0%, and in 2016 from zero to 1.0% (see Chart I). In a previous article from June 1st, IDC Financial Publishing (IDCFP) discussed…
For years, brokers, investment advisors, consultants, and others, relied on the Depository Trust and Clearing Corporation (DTCC) to provide monthly balances of qualifying brokered CDs. Since 2014, however, the level of brokered CDs under $250,000 computed by IDC Financial Publishing (IDCFP) as part of brokered deposits, continues to outpace the…
Chart I The Relationship Between U.S. and German Yields From June 2016 to February 2018, the US 10-year tips yield was nearly equal to the German 10-year yield during a prolonged economic recovery and bank bull market. Rising German, U.S. nominal and TIPs yields favored the bank stocks (see Chart…
Updated for 1st Quarter 2021 Ranks IDC Financial Publishing’s Record in History IDCFP’s CAMEL safety ratings of banks, savings institutions, credit unions range from 300 (the top grade attainable) to 1 (the lowest). From the early 1990’s, through today, institutions using our CAMEL ranks determined that ranks less than 125 were deemed…
Bank stocks benefit from accelerating earnings growth over the next few years due to 1) A secular rise in return in equity (ROE), and 2) The base of ROE, tangible book value per share (TBVPS), growing at 10% or more a year. A rising ROE with a 10% or more…
