Insight Weekly: Stocks endure more pain; bank branch M&A slows; debt ratios fall

Stocks have further to fall if earnings estimates prove too optimistic

Stocks may still be overvalued as economists at S&P Global Market Intelligence suggested that consensus estimates for earnings season are overly optimistic.

—Read the full article from S&P Global Market Intelligence

Record dollar strength ravages stocks with most overseas exposure

The S&P Foreign Revenue Exposure Index, which tracks American companies’ exposure to revenues generated outside the U.S., has fallen more than 28.9% since the start of the year.

—Read the full article from S&P Global Market Intelligence

Fed's aggressive tightening continues to weigh on US bank stocks in September

The month-to-date industry median return of major exchange-traded U.S. banks was negative 4.3% in September.

—Read the full article from S&P Global Market Intelligence

Credit Suisse must show progress to ease growing market doubts over revamp

The Swiss banking group is expected to announce yet another strategy update by Oct. 27, but market concerns about its ability to bounce back from three years of continuous crises have spiked.

—Read the full article from S&P Global Market Intelligence

Branch M&A deals slow after strong 2021

Only 15 branch acquisition deals have been announced in 2022 as of Sept. 28, involving 31 branches and $1.63 billion in total deposits, according to an analysis by S&P Global Market Intelligence.

—Read the full article from S&P Global Market Intelligence

Top 20 European banks by market cap, Q3'22

The market value of Italy's UniCredit rose the most during the quarter, while British banks experienced significant declines.

—Read the full article from S&P Global Market Intelligence

S&P 500 falls another 9% in September as recession fears grow

Growing recession fears amid persistent high inflation, along with another aggressive rate hike by the Federal Reserve, have caused investors to pull back from stocks and turn to safer alternatives.

—Read the full article from S&P Global Market Intelligence

The economic impact of Hurricane Ian

Hurricane Ian will have a noticeable impact on near-term GDP growth in Florida but only a slight impact at the national level, according to James Kelly, senior economist at S&P Global Market Intelligence.

—Read the full article from S&P Global Market Intelligence

US companies shed cash reserves to reduce debt burdens

As borrowing costs rise U.S. companies are deleveraging, using cash reserves built up in response to COVID-19 to lower their debt burdens.

—Read the full article from S&P Global Market Intelligence

Insurance Insight: Fla. flooded vehicle claims could add to industry's auto physical damage woes

The devastating storm surge in southwest Florida could broaden the implications of Hurricane Ian for the U.S. property and casualty industry.

—Read the full article from S&P Global Market Intelligence

US REIT stocks fall deeper into negative territory in Q3

The Dow Jones Equity All REIT Index recorded a total return of negative 10.8% for the period, compared to a negative 4.9% return for the S&P 500, according to S&P Global Market Intelligence data. 

—Read the full article from S&P Global Market Intelligence

NAV Monitor: US equity REITs trade at median 27.6% discount to NAV on Oct. 3

Office real estate investment trusts traded at the highest median discount to net asset value as of Oct. 3, while the communications sector was the only property type that traded at a median premium.

—Read the full article from S&P Global Market Intelligence

US ready for a battery factory boom, but now it needs to hold the charge

New investments are flooding into U.S. battery manufacturing, lured by federal incentives and the growing mainstream appeal of electric vehicles. How much supply the energy storage industry can capture is an open question.

—Read the full article from S&P Global Market Intelligence

States seen as next battlefield for Big Tech antitrust cases

State politicians impatient with the pace of federal movement on Big Tech antitrust concerns are likely to follow California in utilizing their own laws and resources to take action, policy experts said.

—Read the full article from S&P Global Market Intelligence

US institutional investors cautious on Chinese tech, media, telecom listings

Though the immediate risk of Chinese companies being forced to delist from U.S. exchanges has passed, U.S. investors remain skittish about the threat of heightened regulatory scrutiny of Chinese technology, media and telecom investments.

—Read the full article from S&P Global Market Intelligence

US Midterms 2022: Republicans unlikely to slow mining ESG trend

The U.S. midterm elections could decide the fate of environmental, social and governance disclosure legislation, but international pressure on miners to disclose will likely continue growing.

—Read the full article from S&P Global Market Intelligence

Chile on track for 2022 copper slump but could rebound in 2023

Chile is set for a steep decline in copper output amid water scarcity and lower ore grades.

—Read the full article from S&P Global Market Intelligence

Higher energy costs and strong dollar offset impact of cooling supply chains

Supply chain cost pressures and wage pressures eased in September, helping bring down factory cost inflation in the U.S., mainland China and many other economies.

—Read the full article from S&P Global Market Intelligence

The Week in M&A

Deal Profile: Taichung Commercial Bank to buy American Continental Bancorp

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Deal Profile: Louisiana-based Home Federal Bancorp to buy in-state peer Northwest Bancshares

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Texas remains popular for bank M&A, but activity comes back down to earth in '22

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Precious metal deals dominate mining M&A for week ended Sept. 30

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