on Whalen Global Advisors LLC
WGA Releases Top US Bank Scores for Q3 2024
Briarcliff Manor, NY / ACCESSWIRE / August 14, 2024 — Whalen Global Advisors (WGA) has announced the latest constituents for the WGA Bank Top Indices. The Indices track publicly traded banks in the US, employing a unique pure constituent weighting system to ensure performance accuracy.
For Q3 2024, the top 25 banks scored an average of 370 out of 535, while the bottom 25 fell below 175. A notable shift included large cap banks dropping out of the top 10 after a strong Q2 2024 performance. WGA Chairman Christopher Whalen noted significant institutional selling in large caps since May.
Changes include a leading moneycenter bank falling from 67th to 105th place, a mid-cap regional lender from 6th to 18th, and a large consumer lender from 3rd to 11th. One of the largest US universal banks also dropped from 2nd to 4th place.
Whalen emphasized the superior returns of banks with strong market and operational metrics. The current trend shows smaller banks outperforming larger ones. Detailed constituent information is available to subscribers of The Institutional Risk Analyst.
R. H.
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