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Complexity Made Simple. Smart Money Insights

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How To Value A Bank:
A No-Nonsense Guide
Ever wondered how to figure out what a bank is really worth?

Bank Update: Some Top 10s, Some Not Top 10s, & Hidden Value to Be Uncovered

Short & sweet today.
A Great Set Up in The Caribbean Sunshine
After nearly 20 years in the financial trenches, I've seen it all.

9 Trends Mostly in Banks Both Here and Overseas
Coming up for air on a great quarter for financials, cyclicals, and banks (except in Japan)
The Bank Portfolio...
A dive into banks. All banks and nothing but banks
The Bank Portfolio...
A dive into banks. All banks and nothing but banks
The Bank Portfolio...
A dive into banks. All banks and nothing but banks
The Bank Portfolio...
A dive into banks. All banks and nothing but banks
The Bank Portfolio...
A dive into banks. All banks and nothing but banks
The Bank Portfolio...
A dive into banks. All banks and nothing but banks
So You Missed Nubank at $5?
Don’t Miss What’s Coming for StoneCo and PagSeguro in Brazil. A vibes dive, looking at PIX, the competitive landscape
Top 40 Cheapest Banks - A Contrarian's Dream
By Current P/TBV and ROTCE Implied Valuation
The Big Money Shift: Hidden Global Market Trends, Flows You Can’t Afford to Ignore, And Trump's Effect
Macro thoughts, the U.S. vs. ROW, a dive into Euro Banks, U.S. flows, ROW flows, and my thoughts on what Trump reall
The Bank Portfolio...
A dive into banks. All banks and nothing but banks
The Bank Portfolio...
A dive into banks. All banks and nothing but banks
The Bank Portfolio...
A dive into banks. All banks and nothing but banks
The Bank Portfolio...
A dive into banks. All banks and nothing but banks
The Bank Portfolio...
A dive into banks. All banks and nothing but banks
The Bank Portfolio...
A dive into banks. All banks and nothing but banks
The Bank Portfolio I’d Build Right Now if I Wanted to Beat the Market
A dive into banks. All banks. And nothing but banks.
Idea List: TBV/S Grower Screen
Screening for banks that pass Dimon's test of value creation.
Nubank: A Post Earnings Crash & What Everyone Is Missing
Recent vibes, an 8 quarter look back, the FX blame game, NIM compression, expansion report, the defensive pivot
The Bank Portfolio...
A dive into banks. All banks and nothing but banks
The Bank Portfolio...
A dive into banks. All banks and nothing but banks
The Bank Portfolio...
A dive into banks. All banks and nothing but banks
The Bank Portfolio...
A dive into banks. All banks and nothing but banks
The Bank Portfolio...
A dive into banks. All banks and nothing but banks
The Bank Portfolio...
A dive into banks. All banks and nothing but banks

Complexity made simple. Alpha made clear.

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Latest X Posts

Victaurs
@victaurs.

Schwab makes you fill out 7 forms just to change a beneficiary.

$HOOD gives you a 3% IRA match… from your phone… in 90 seconds.

The old guard deserves to lose.

Victaurs
@victaurs.

Valuations?

$NU: ~25x earnings

$MELI: ~60x

$STNE: ~7x

$PAGS: ~5x

Two of these are priced for perfection. Two are priced like they’re dead.

They’re not.

Victaurs

@victaurs

$APO ›

Apollo earns over $1.2 billion in fee-related earnings per quarter and expects to grow FRE more than 15 percent annually.

Structured credit engine. Insurance float. Forward multiple around 10 times. Too boring for most. Too complex for others.

You into it or not?

Victaurs

@victaurs

The average Schwab client has $250K in assets. $HOOD’s average is $9K.

But you know what’s growing faster? The $9K.

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The Bank Portfolio...
A dive into banks. All banks and nothing but banks
The Bank Portfolio...
A dive into banks. All banks and nothing but banks
The Bank Portfolio...
A dive into banks. All banks and nothing but banks
The Bank Portfolio...
A dive into banks. All banks and nothing but banks
The Bank Portfolio...
A dive into banks. All banks and nothing but banks
The Bank Portfolio...
A dive into banks. All banks and nothing but banks

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