Looking Through Banking Weakness

May 02, 2023 1:22 AM ET, , , , , , , ,
Neuberger Berman
3.16K Followers

Summary

  • While uncertainty has increased, we believe fundamentals remain largely solid for the U.S. banking sector.
  • Much of what happened in March, and later in the failure of First Republic Bank, was idiosyncratic rather than a “regional bank crisis.”.
  • We believe banks offer value and trade cheaply on a rating- and duration-adjusted basis relative to industrials.

Bank Collapse

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By Andrew C. Arbesman, CFA, CPA

As we move past earnings season, perceived vulnerabilities in the banking system are subsiding, offering investors value in the money center banks.

While uncertainty has increased, we believe fundamentals remain largely solid for

This article was written by

3.16K Followers
Neuberger Berman, founded in 1939, is a private, independent, employee-owned investment manager. The firm manages a range of strategies—including equity, fixed income, quantitative and multi-asset class, private equity and hedge funds—on behalf of institutions, advisors and individual investors globally. With offices in 23 countries, Neuberger Berman’s team is more than 2,100 professionals. For five consecutive years, the company has been named first or second in Pensions & Investments Best Places to Work in Money Management survey (among those with 1,000 employees or more). Tenured, stable and long-term in focus, the firm has built a diverse team of individuals united in their commitment to delivering compelling investment results for our clients over the long term. That commitment includes active consideration of environmental, social and governance factors. The firm manages $323 billion in client assets as of March 31, 2019. For more information, please visit our website at www.nb.com.For important disclosures: https://www.nb.com/disclosure-global-communications  Contact Us: Advisor Solutions (877) 628-2583 advisor@nb.com RIA & Family Office (888) 556-9030 riadesk@nb.com

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