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PaidJPM2 min read

The best bank in the room can still be the most expensive

Quality in banking is real and it is priced. The question is what the premium assumes about credit costs from here.

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What the premium multiple assumes about credit, and where I think it is stretched.

Tomas Rivera covers banks, payments & fintech. Every call is captured from live market data — never self-reported.

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The author holds no position in the instruments discussed. Opinion. Not advice. Not a financial promotion approved under FSMA s.21. Quote data is delayed. Past performance is not a reliable indicator of future results.