Webinar

What’s Next for U.S. Banking and 2023 Outlook

Ken Leon, Director of Equity Research and Diversified Bank Analyst

Alexander Yokum, CFA, Regional Bank Equity Research Analyst

04 April 2023

CFRA’s Director of Equity Research and Diversified Bank Analyst, Ken Leon, and CFRA’s Regional Bank Equity Research Analyst, Alexander Yokum, covered recent banking events and what to expect over the next year.

CFRA dove into the Federal Reserve mandates and functions, highlighted recent regulatory developments, looked at how banking could change following the collapse of Silicon Valley Bank, and discussed what banking traits we viewed as positive and negative in the current environment. A bull and bear case was made for the health of the consumer, and credit quality trends were highlighted. Additionally, CFRA dove into net interest income, capital markets, investment banking, and wealth management.

This session detailed:

A look at the regulatory environment across different asset brackets in banking.
The outlook and impact that the recent banking crises has on regional banks.
A deep dive into different sources of banking revenue and which banking strategies have succeeded and failed.
Current investment views on select U.S. diversified and regional banks.

Speakers

Ken Leon, CPA

Director of Equity Research and Diversified Bank Analyst

Ken Leon is Director of Equity Research at CFRA. He is responsible for analytical research as well as client servicing. Ken’s research industries as an equity analyst are the U.S. global banks and alternative asset managers in the financial sector, multifamily residential REITs, and movies & entertainment in the communications services sector. Ken is a thought leader that provides ongoing in-depth research and communications to key customer segments. He is active with most media networks and leading print media and is widely sought for his investment views on the large banks and capital market trends. Ken previously held the position of Global Director of Research and Industry Analyst for S&P Global Market Intelligence. Prior to joining CFRA in 2003, Ken spent over two decades in equity research with research leadership responsibilities at ABN Amro, Bear Stearns, and Lehman Brothers. He was a three-time Institutional Investor All-Star for his coverage of wireless telecommunications services, as one of the pioneers in this industry. Ken holds both a Bachelor of Science degree and an MBA from New York University. He was also licensed in the State of New Jersey as a Certified Public Accountant.

Alexander Yokum, CFA

Regional Bank Equity Research Analyst

Alexander Yokum is an Equity Research Analyst at CFRA. Alexander is primarily responsible for covering Regional and Diversified Banks, including companies such as U.S. Bancorp, PNC, Truist, and the largest six banks in Canada. Alexander also follows Consumer Finance names such as American Express and Capital One. Finally, he tracks Financial Exchanges and Data, including names such as S&P Global, Moody’s, CME, and Nasdaq. Alexander is a CFA charter holder and obtained his bachelor's degree in Business Administration from North Carolina State University. He has a concentration in Finance, honors in Data Analytics, and a minor in Statistics. He graduated summa cum laude.