U.S. Large-Cap Banks: Jason Goldberg's Bank Brief | Volume 23, Issue 89 | 5.19.26

Research evidence excerpt

U.S. Large-Cap Banks: Jason Goldberg's Bank Brief | Volume 23, Issue 89 | 5.19.26

Barclays | U.S. Large-Cap Banks

deliberate focus on deepening financial relationships with customers—moving beyond the

traditional community-bank model of relying solely on personal relationships.” ~ from the

Federal Reserve Bank of Dallas’ ‘Banking Conditions Survey’ survey posted posted

yesterday (additional details/quotes below)

Chart of the Day. Yesterday the Dallas Fed posted its ‘Banking Conditions Survey’ of Eleventh

District banking executives, taken May 5–13. One of the questions asked was: “Over the past six

weeks, how has loan volume changed?” It saw 56% report an increase, 24% no change, and

20% report a decrease. The spread between those reporting an increase and those seeing a

decrease was 36%, and is graphed below over time. In addition to total loans, we display this

metric for the major loan buckets. Of note, for total loans, C&I, CRE and consumer this

metric stood at its highest level since mid-2022 while resi R/E was at its highest level since

mid-2025. See today’s Chart of the Day (additional details below).

Today's Tasks

8:00am - Federal Reserve Board Governor Christopher Waller: participates in policy panel

before the International Research Forum on Monetary Policy organized by the Euro Area

Business Cycle Network, European Central Bank and Federal Reserve Board

8:30am - Housing Starts & Permits: affordability weighs on housing with the consensus

looking for starts down to a 1.410mn unit rate from 1.502mn in March

9:00am - Manheim Used Vehicle Value Index: mid-month May

10:00am – JPM ANNUAL MEETING: https://east.virtualshareholdermeeting.com/vsm/web?

pvskey=JPM2026

10:00am - House Financial Services Subcommittee on National Security, Illicit Finance and