Big 6 Banks G-255 Credit and Equity Trade Indicators for August 16 WoW Credit more undervalued (469). Equity valuation unchanged.
Deposit growth QoQ: 1.55% to $8.76 trillion Marketable securities position growth QoQ: 7.66% to $6.57 trillion
Returns to shareholders are keeping pace the over Big 6 balance sheet growth
All G-255 US Big 6 banks trade above systematic fair value trading levels. However, only JP Morgan (JPM US equity) +11.4% to systematic trading fair value, and Bank of America (BAC US equity) + 13.8% to systematic trading fair value are considered “overvalued” by the systematic trading model.
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