US Daily Brief: Today‘s Research – July 7, 2026

Research evidence excerpt

US Daily Brief: Today‘s Research – July 7, 2026

Global Research

7 July 2026ab

US Daily Brief Equities

AmericasToday's Research – July 7, 2026

Joseph Parkhill

Product Manager

Global Equity Derivatives Strategy - Mercury rising: Record single stock volatility joseph.parkhill@ubs.com

+1-212-713 3716

prime for Gamma Rentals (Maxwell Grinacoff)

Market appears very fragile heading into Q2 earnings season, with single stock volatility Peter Lennox-King

making new all-time highs relative to index volatility. We update our Gamma Rentals Product Manager

framework to screen for single stock opportunities peter.lennox-king@ubs.com

+1-212-713 3215

Ryan BellU.S. Large Cap Banks & Consumer Finance - 2Q26 Preview: How to invest in "peak

banks" from here? (Erika Najarian) ryan-b.bell@ubs.com

We discuss key themes and preview results for our coverage ahead of 2Q earnings +1-212-713 1233

Truist Financial Corp (TFC, Downgrade to Neutral from Buy, $55 from $58) -

Downgrade to Neutral: In a holding pattern (Erika Najarian)

We downgrade TFC to Neutral on the back of its pending CEO change, given fresh

uncertainty over talent, strategy, and targets

US Mid-Cap Banks - Previewing 2Q26 - The Catalyst for 2H Outperformance (Timur

Braziler)

We look for 2Q EPS to catalyze further gains in 2H, as set up remains favorable across

growth, pricing, credit, regulation, and M&A. BPOP and FLG top picks

SouthState Bank Corp (SSB, Downgrade to Neutral from Buy, $108 from $121) -

Balanced Risk/Reward - Assuming at Neutral (Timur Braziler)

Growth is strong and capital abundant, but margin pressure and moderating buybacks

leave SouthState balanced from a risk/reward standpoint

Valley National Bancorp (VLY, Assume at Buy, $17 from $15) - Top Self-Help Story -

Assuming at Buy (Timur Braziler)