Suhail Chandy - Bank Investing: A Practitioners Field Guide

1. Chapter 2
2. Chapter 3
3. Chapter 4
4. Chapter 5
5. Chapter 6
6. Chapter 7
7. Chapter 8
8. Chapter 9
9. Chapter 10
10. Appendix

1. Chapter 1
2. Chapter 2
3. Chapter 3
4. Chapter 4
5. Chapter 5
6. Chapter 6
7. Chapter 7
8. Chapter 8
9. Chapter 9
10. Appendix

Finally, the singular, comprehensive manuscript for bank investing I wish I'd had at the beginning of my career. Suhail and Weison clearly chronicle the evolution and current challenges of the industry for the amateur enthusiast, while simultaneously supplying the technical depth, practical execution, and operational guidance for institutional investors, sell-side analysts, and executive management teams.

Tyler Stafford, CFA, CEO and Co-Founder, Panacea Financial; Former Sell-Side Bank Analyst

Bank Investing: A Practitioner's Field Guide explains and details all of the critical variables investors need to analyze in order to make the right decisions in bank stock investing. Chandy and Ding lay out both the macro and micro factors needed to accurately determine the fair value of a bank stock. This book will quickly become the go-to book for both neophyte and experienced bank stocks investors.

Gerard S. Cassidy, Managing Director, Head of Bank Equity Strategy, and Large Cap Bank Analyst, RBC Capital Markets and creator of the Texas Ratio

Suhail and Weison have written a truly comprehensive guide to investing in banks. Their approach provides a comprehensive framework for analyzing the most critical and often most challenging topics, including a bank's interest rate sensitivity, credit exposure, and liquidity and capital position, and provides valuable case studies and insights from professional investors in this space. This book is a must-read for every bank investor, from the novice to the most seasoned.

Eric Wasserstrom, Equity Analyst; Former Hedge Fund Portfolio Manager

Suhail and Weison have collaborated on a must-read that will prove invaluable to all constituents of the bank and broader financial services sector. The commentary is insightful, educational, entertaining, and informative, helping the reader to understand the history of the sector, its fundamental underpinnings, and the transformation and convergence with fintech that is currently underway.

Joe Fenech, CIO, GenOpp Capital Management; former sell-side bank analyst

SUHAIL CHANDY

WEISON DING

Copyright 2021 by Suhail Chandy and Weison Ding. All rights reserved.

Published by John Wiley & Sons, Inc., Hoboken, New Jersey.
Published simultaneously in Canada.

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Library of Congress Cataloging-in-Publication Data is available:

ISBN 9781119728047 (hardback)
ISBN 9781119729846 (ePDF)
ISBN 9781119729808 (ePUB)

Cover design: Wiley

In loving memory of my father, Jacob Chandy

Suhail

For my mother and father

Weison

Sincere thanks to the following individuals for their help and guidance at various stages: Chris Black, Eric Wasserstrom, Joe Fenech, Gerard Cassidy, Ashley Williams, Tula Weis, Vitaliy Katsenelson, Wes Gray, Stephanie Krewson-Kelly, Matt Flake, Dale Gibbons, Vernon W. Hill II, Chris Holmes, Denny Hudson, Abbott Cooper, Fred Cummings, Pete Duffy, Chris Fortune, Martin Friedman, Rich Hocker, Jeffrey Sherman, Ian Lyngen, and Loren Fleckenstein.

Last, but not the least, our thanks to the entire team at Wiley, especially Bill Falloon and Purvi Patel.

The views and opinions presented in this publication are for informational purposes only as of the date of production/writing and may change without notice at any time based on numerous factors such as market conditions or legal and regulatory developments.

This publication is not intended to be an offer or solicitation of any investment advice or security in any jurisdiction. Any specific mentions of a publicly traded company are for illustrative purposes only. It is not intended to be relied upon as a forecast, research, or investment advice and is not a recommendation, offer, or solicitation to buy or sell any securities or investment strategy.

The authors make no representations or warranties, express or implied, about the accuracy or suitability for any use of the information, and expressly disclaim responsibility for any loss or damage, direct or indirect, caused by use of or reliance on information offered in this publication. All information has been obtained from sources believed to be reliable, and not necessarily all-inclusive, and its accuracy is not guaranteed. The views and opinions expressed in this publication are solely those of the authors and do not necessarily reflect the view of any entity and employers with which they have been, are now, or will be affiliated.

Suhail Chandy covers the Fintech, Financials, and Real Estate sectors and manages the Fintech Catalyst strategy at Penn Capital. He is a CFA charterholder and has an MBA from Yale University.