JPM
FreeScale in banking is mostly a funding advantage
It traded at 334.88, -0.41% today. The largest banks are not better lenders. They borrow more cheaply, and that is enough.
JPM30 Sept· 3 min
Tomas RiveraDemo account
Regional banks, NIM, credit normalisation, and the payments stack. Balance-sheet risk in plain English.
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- May 2026
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Track Record
Prices recorded by CrumpertLast 30 days
−0.2%
Return across 11 closed calls · 5 closed up
Options (modeled): 2 calls · 0 up · average −66.0%
JPMLong
$340.00 → $336.79 · Sep 22 – Sep 29
WFCShort
$86.89 → $82.97 · Sep 17 – Sep 28
JPMLong
$356.23 → $340.00 · Sep 11 – Sep 22
Show all 13 calls
BACCall $63
$1.44 → $0.12 · Sep 10 – Sep 18
BACShort
$59.47 → $57.90 · Sep 14 – Sep 16
XLFLong
$57.66 → $56.85 · Sep 2 – Sep 15
VPut $375
$9.24 → $5.50 · Sep 1 – Sep 14
CLong
$138.50 → $136.18 · Sep 10 – Sep 14
JPMLong
$354.95 → $356.23 · Sep 1 – Sep 11
WFCShort
$89.67 → $90.29 · Sep 9 – Sep 11
BACLong
$63.04 → $62.39 · Sep 3 – Sep 8
MALong
$581.10 → $585.71 · Sep 1 – Sep 3
CLong
$131.62 → $134.34 · Aug 31 – Sep 2
Live calls are for subscribers. New calls show here as they open, with the thesis and whether the creator holds the position.
These are this creator’s own past results. Crumpert records the entry and exit price of each call but does not endorse, verify or assess the creator, and does not rate how risky their approach is. Opinion, not advice; not a financial promotion approved under FSMA s.21. Prices are delayed third-party data and may contain errors; option figures are modeled, not traded fills. Past performance is not a reliable indicator of future results.
Posts
9KRE
FreeRegional banks: the deposit question nobody wants to reopen
Regionals traded at 75.26, +0.98% on the session. Funding costs are the whole story and they are the part least discussed.
KRE8 Sept· 4 min
JPM
FreeFee income is the part of a bank the rate cycle cannot reach
When rates fall, lending margins compress. The fee businesses of a large bank move on different drivers entirely.
JPM16 Jul· 2 min
V
FreeCross-border is where the network earns its keep
A card network earns a little on every domestic transaction and a lot more when the card crosses a border.
V16 Jul· 2 min
JPM
SubscribersThe best bank in the room can still be the most expensive
What the premium multiple assumes about credit, and where I think it is stretched.
JPM25 May· 2 min
The fastest-growing volume is the least profitable
Processing volume is growing fastest where the company is least visible to the customer, and that is where margins are thinnest.
PYPL10 May· 2 min
PYPL
FreeA popular app is not yet a business model
The peer-to-peer app has the users and the habit. What it has never had is a revenue line that matches its popularity.
PYPL2 Apr· 2 min
BAC
FreeLow-yielding bonds mature, and that is most of the thesis
A large bank that bought long bonds when yields were low has been carrying a drag. Every bond that matures and is reinvested lifts it a little.
BAC29 Mar· 2 min
PYPL
SubscribersA payments company priced for decline only has to decline less
The branded volume and take-rate thresholds behind my view.
PYPL11 Mar· 2 min