Podcast

Major Issues Impacting Bank Stocks and Valuations

By: Sharon J. Lorman
Robert E. Kafafian

Guest: Gerard Cassidy, Managing Director – Equity Research, RBC Capital Markets

Podcast Show Notes:

Our This Month In Banking (TMIB) podcast features discussion with colleagues and other industry thought leaders on interesting banking topics. TMIB is available on the last Wednesday of every month here, or wherever you get your podcasts, for your listening enjoyment. Join us on your commute, at your desk, or at home.

Topic: Major Issues Impacting Bank Stocks and Valuations
Insights from Gerard Cassidy, Managing Director – Equity Research, RBC Capital Markets

Our guest is Our guest is Gerard Cassidy, Managing Director – Equity Research, RBC Capital Markets

In this episode, we will discuss major issues impacting bank stocks and valuations. Topics include the effect of interest rate changes on bank valuations, the credit quality outlook, private credit growth and the impact on bank lending, the M&A outlook over the next two to three years, and the election outcome and its impact on the banking industry. Join us as our guest, renowned bank analyst Gerard Cassidy, opines on bank financial performance and related stock valuations. Listen and enjoy!

Biography

Gerard S. Cassidy

Managing Director – Equity Research
RBC Capital Markets
Portland, Maine

Gerard S. Cassidy is a Managing Director of Equity Research with RBC Capital Markets. He was a Managing Director of Equity Research with Tucker Anthony Sutro Capital Markets, which was acquired by the Royal Bank of Canada in 2001. Mr. Cassidy joined Tucker Anthony Sutro in March 1988 as a bank equity analyst. He is responsible for providing bank and regional economic research to the firm’s clients. Prior to joining Tucker Anthony Sutro, he was employed by UNUM Corporation as a senior bank analyst. Mr. Cassidy began his professional career with Gulf+Western, Industries as a merger and acquisitions analyst.

Mr. Cassidy is the creator of the Texas Ratio, a ratio used by investors to determine whether a bank could be insolvent. He is often quoted in the Wall Street Journal, New York Times, Forbes, Business Week, The American Banker and other leading newspapers and periodicals regarding the banking industry. Additionally, he has appeared on CNBC, CNN, NBC, BNN, National Public Radio and other leading broadcasts discussing banking and economic issues and its impact on bank stocks.

Mr. Cassidy earned a Bachelor of Science degree from the University of Maine in accounting and finance in 1980. He received his Masters of Business Administration degree from St. John’s University in 1984. Mr. Cassidy is a former Board of Director and Secretary of the New York Bank and Financial Analysts Association. He is currently the President of the BancAnalysts Association of Boston, Inc. Mr. Cassidy was also on the Board of Directors of Tucker Anthony Sutro Capital Markets.

This podcast relates to The Kafafian Group’s Strategic Management service. Click here for more information.

Watch for episode 103 of This Month in Banking to be released on Wednesday, July 31st, 2024, and a new episode on the last Wednesday of every month.

Thank you for listening!