CHART OF THE DAY: Here’s One Improving Metric That Banks Can Be Proud Of

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CHART OF THE DAY: Here’s One Improving Metric That Banks Can Be Proud Of

Loan losses.

FactSet tracks the loan losses of 25 of 81 financial companies in the S&P 500.  And they’re down notably.  According to up-to-date estimates, Q4 loan losses will be down 36% year-over-year.

However, the rate of decline is expected to taper.  Over the next four quarters, loan losses are expected to fall by around 2.7%.

Odey Special Situations Fund took on several new positions in March

Crispin OdeyOdey Asset Management's Special Situations Fund was down 3.2% in March, compared to its benchmark, the MSCI World USD Index, which was up 3.3%. Through the end of March, the fund is up 8.7%, beating the benchmark's return of 4.9%. Q1 2021 hedge fund letters, conferences and more Odey's Special Situations Fund deploys arbitrage and Read More


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