JPM Research Note — Record Quarter, Higher Bar
JPMorgan’s record quarter supports the operating case, but rates, credit and a premium valuation leave the next evidence unusually important.
Financials
JPM Deep Coverage Review — Analysis as of August 3, 2026
JPMorgan’s record quarter supports the franchise case, while rates, credit and a premium valuation raise the bar for durable evidence into October.
FITBPA Research Note — Issuer Strength Meets Perpetual-Rate Risk
Fifth Third’s preferred credit remains sound, while perpetual duration and thin liquidity keep FITBPA sensitive to Treasury yields and capital evidence.
FITBPA Deep Coverage Review — Analysis as of July 24, 2026
FITBPA combines sound Fifth Third credit with a 6% fixed coupon, while perpetual duration and thin liquidity keep valuation sensitive to Treasury yields.
BAC Research Note — The Evidence Bar Rises
BAC’s eight-quarter earnings record remains strong, but momentum divergence and a stretched price structure leave the next confirmation incomplete.
BAC Deep Coverage Review — Analysis as of July 29, 2026
Bank of America’s earnings breadth supports the thesis, while momentum divergence and a 17.6% extension above the 200-day average raise the evidence bar.
SCHW Research Note — The Funding Ledger Improves
Schwab’s funding ledger improved as sweep balances and net interest margin strengthened, while price confirmation remains incomplete.
SCHW Deep Coverage Review — Analysis as of July 28, 2026
Schwab’s funding repair gained evidence from sweep growth and a 3.00% net interest margin, while the post-results tape remains unsettled.
JPM Research Note — Strength Meets a Higher Bar
JPMorgan’s raised outlook and capital strength support the franchise case, while rates, credit and a record share price raise the evidence bar.
JPM Deep Coverage Review — Analysis as of July 24, 2026
JPMorgan’s earnings breadth and capital strength support leadership, while rates, credit and a record valuation raise the bar for fresh evidence.