U.S. Large-Cap Banks: Jason Goldberg's Bank Brief | Volume 23, Issue 91 | 5.21.26

Research evidence excerpt

U.S. Large-Cap Banks: Jason Goldberg's Bank Brief | Volume 23, Issue 91 | 5.21.26

Equity Research

21 May 2026

U.S. Large-Cap Banks

Jason Goldberg's Bank Brief |

Volume 23, Issue 91 | 5.21.26

Solomon more cautious from a risk management U.S. Large-Cap Banks

perspective, sees strategic M&A; Dimon cautions on the POSITIVE

impact of high rates; C, JPM constructive on Asia IBD outlook; U.S. Large-Cap Banks

Jason M. Goldberg, CFA

FITB moving CMA’s Texas HQ; Mortgage apps fall to 5-week +1 212 526 8580

low as rates highest in 7 weeks; House passes housing bill; BK jason.goldberg@barclays.com

BCI, US

to BNY today...

Research Released

Annual Assembly - Yesterday, C and STT held their annual shareholder meetings, wrapping

up the annual meeting circuit for our coverage. New/forward-looking/interesting

quotes BELOW.

1Q26 FFIEC Data: Loan losses at 2.5-year low while loan growth accelerates (5/19/26). NCOs

in 1Q26 improved 7bps y-o-y and declined 2bps sequentially to 0.57%, its lowest level since

3Q23, amid broad-based improvement. DQs declined 7bps y-o-y and fell 4bps sequentially to

1.49%, less than half its L/T average. Consumer led the progress while C&I and R/E were little

changed to worse.

Daily Dose

Quote of the Day 1. “Banking should serve the people, not the other way around.” ~ Barney

Frank (D-MA), former Chairman of the House Financial Services Committee with 32-year tenure

in Congress

Quote of the Day 2. “What I certainly didn't anticipate...unfolding the way it unfolded is the

conflict in the Middle East. And, the conflict in the Middle East now has put some sand in the

gears. You know for sure. We're operating with higher oil prices and probably more inflationary

pressure. And I think the market so far has kind of brushed it off. But I'm more cautious from a