全球银行业研究报告.pdf

Completed 16 Jun 2017 06:10 AM EDT Disseminated 16 Jun 2017 06:41 AM EDT North America Equity Research 16 June 2017 Global Banks Research Highlights Week Ending June 16, 2017 This report provides a summary of the research produced by J.P. Morgan Global Bank Equity Research. Key highlights from the past week are below.  Singapore Financials : Rates postpone banks upside, SGX worth a re- look  Qatar National Bank : Stress test shows franchise resilience although valuation not compelling  U.S. Mid- and Small-Cap Banks Interest Rate Weekly Monitor : FOMC Raises Rates; Yield Curve Continues to Flatten; Mortgage Rates Reverse 4 Week Trend  Credicorp : A Natural Disaster Doesnt Necessarily Mean Subdued Growth - Establishing YE18 US$210 PT  Hong Leong Bank : RoEs to stay range-bound, stay Neutral  Hamilton Lane : F4Q17 Positive Fundraising Trends and Outlook More than Offset Higher GA -- Solid Debut Results  Global Investment Banks : Equities outperforming as expected but cutting estimates on weaker FICC: Prefer GS MS over DBK  OTP Bank : Double-digit EPS growth, strong profitability and good value indicates 34% further upside  U.S. Mid- and Small-Cap Banks Mergers Acquisitions Weekl : STL-AF Deal Clears Another Hurdle; Four Deals Last Week; YTD Deal Count Mostly Inline with Last Year  B3 : May Data: Very High Volatility Leading to One of the Best Months Ever in Terms of Vo