Citi‘s Most Read - Financials & FinTech

Research evidence excerpt

Citi‘s Most Read - Financials & FinTech

Roundup |

Citi's Most Read - Financials & FinTech

June 29 - July 5 06 Jul 2026 06:24:09 ET

ACMost Read Citi Global Research

As boundaries increasingly blur between conventional sectors, and as bottom-up +44-20-7500-1400

and top-down analysis converges, Citi Research offers a Super-Sector lens to help

you better understand and take advantage of widespread disruptive trends and

innovation, extending our peer analysis for greater breadth and depth. The

Financials & FinTech Super-Sector consists of the Banks, Insurance, Consumer

Finance, and Diversified Financials sectors. Please find below a collection of our

most impactful recent research in the Financials & FinTech Global Super-Sector –

we hope you find it thought-provoking.

Most Read

US Banks - 2Q Earnings Preview, Rating Changes (BKU, TCBI, TFC), and Our

Preferred Banks ST and LT

The key debate over the last 3 months has been - “What is more important: NIM or

NII?” While most investors would agree that NII drives EPS while NIM is just an

output on an income statement, the spirit of the quarter digs into a deeper focus of

how banks manage their deposit franchises as growth continues to prove stronger

than expected. While we view NII as being the key driver to not only EPS growth

but also the valuation multiple, leveraging the balance sheet (and weighing on

NIM) is unlikely to be rewarded near-term as incremental NIMs weigh on back-

book profitability. We believe the best-positioned banks check the boxes of

commercially focused (both loans and deposits), healthy capital bases, and limited

credit concerns.

Benjamin Gerlinger

Recent estimate changes for Large Cap and Recent estimate changes for SMID and

Regional Banks - Citi vs Cons Regional Banks - Citi vs Cons