With the war effectively over, the consumer now has to confront head on the reality of continued weakness in the labor market, which ultimately should be a more important issue than geopolitics. As a result, the firm still believes that the risks for the consumer sector are skewed to the downside. In spite of JPMorgan’s own lingering concerns about the consumer, analysts think the disparity in price performance has created improved relative value for subordinate and long dated senior ABS . Hence their modest overweight recommendation.
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The fixed, tax-exempt notes have about 137.5% in expected senior bond parity and 124.1% in subordinate bond parity levels.
2h ago -
Moody's took note of several credit strengths in the portfolio, including that on a weighted average (WA) basis, the contracts have a weighted average FICO score of 767 and only a point higher for the upsized pool.
April 30 -
Plaintiffs seeking class certification claim the bank uses an underwriting system that discriminates against minority mortgage applicants.
April 30 -
Consolidation has slowed since the pandemic, but UMB's agreement to buy Heartland Financial — the largest deal in three years — is one of several merger announcements in the past two weeks. Talks among other potential buyers and sellers are said to be picking up.
April 30 -
Used cars make up virtually American Credit Acceptance entire collateral pool, and while observers said recoveries in this asset group have been lower, the pool includes a higher percentage of better performing called collateral.
April 30 -
The company's attorneys had previously managed to successfully decertify the class in the seven-year long case, but the decision was reversed last year.
April 29