Johannes Salim, CFA
CFA, long/short equity, hedge fund manager

Signature Bank: Fantastic Story To Own

Having risen by average 30% over past 12 months, small and mid-cap banking stocks (those below US$ 10 bn market cap, a total of 20 stocks I track), as a group, outperformed S&P 500 by a hefty 1,000 bps. Some investors attribute the group's outperformance to "rate trade" argument, meaning that bank stock prices have discounted expectation of higher Fed fund rate (positive for NIM) w...

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