Global Banks Research Highlights Week Ending May 22, 2026

Research evidence excerpt

Global Banks Research Highlights Week Ending May 22, 2026

J P M O R G A N Global Equity Research

22 May 2026

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Global Banks Research Highlights

Week Ending May 22, 2026

This report provides a summary of research produced by J.P. Morgan Global Bank Global Equity Research

ACEquity Research. Key highlights from the past week: Global Equity Research

gr_publications@jpmorgan.com

• Julius Baer: Increasing 2026E EPS - price performance mainly reflects net J.P. Morgan Securities LLC

new money softness for a “show me” stock

• Bendigo and Adelaide Bank: 3Q26 Pillar 3: Slightly better capital, CP top-up

still to come

• U.S. Mid- and Small-Cap Banks M&A Bi-Weekly Report: Seven Bank

Deals; Hancock Whitney to Acquire OFB Bancshares for ~$375mm All-Cash;

YTD Deals: 55

• SouthState Bank Corporation: Management Meeting: Takeaways on

Deposit Pricing Competition, Loan Growth, and Hiring Strategy; OW

• South African Banks: System loan growth at 9.4% in March; Retail uptick

continues but corporate marginally slower - monthly credit tracker

• Nedbank Group Ltd: Strategic Africa pivot via NCBA: Modest near-term

EPS/ROTE accretion; stronger LT value case - Overweight

• South African Financials: Quarterly Unit Trust AUM Monitor: QoQ

weakness likely to extend into Q2 - more negative for insurers than banks

• Taiwan Financials: High dividend-yield ETFs: Updated analysis for the

upcoming rebalancing of 00919 TT

• European Banks Daily: 18 May 2026

• European Banks Daily: 20 May 2026