Extremely low leverage, diversified portfolios, lots of cash on the balance sheet, and large amounts of stable free cash flow. Citi which is probably the crappiest of the US megacap banks used to be levered 50:1, today it is only 12:1 and prints $10-$15B a year.
This isn't just me the internet rando saying this. Steve Eisman (the character the big short is based on) has been covering the large banks for 30 years and said on his podcast that for the first time in his career he sees no problems in those banks.
This isn't just me the internet rando saying this. Steve Eisman (the character the big short is based on) has been covering the large banks for 30 years and said on his podcast that for the first time in his career he sees no problems in those banks.