by Simon Black
Sovereign Man
A friend of mine who’s an equities analyst at a large brokerage firm recently sent out pretty ironic note to all of his private clients.
He focuses on the financial sector, so his job is basically to analyze bank stocks and figure out which ones his investors should buy.
To determine this, he does a deep dive on banks’ financial statements, assessing everything from their capital levels to their non-performing loan ratios.
That’s a fancy way of saying that financial analysts who concentrate on bank stocks conduct a LOT of research to make sure the banks are SAFE and will be in good shape in the long-term.