Episode Notes

Bruce and Jeff are joined by Alexander Yokum, equity research analyst at CFRA, who provides context on what Silicon Valley Bank's problems mean for the immediate future of banking. He also talks about how First Republic, considered one of the least risky banks, got caught up in this, and whether or not we should be concerned for the banking industry as a whole. 

Guest Bio:

Alexander Yokum is an Equity Research Analyst at CFRA. Alexander is primarily responsible for covering regional banks and diversified banks, including companies such as U.S. Bancorp, PNC, Truist and the largest six banks in Canada. Alexander also follows consumer finance names such as American Express and Capital One. Finally, he follows financial exchanges and data, which include names such as S&P Global, Moody’s, CME and Nasdaq.

Before joining CFRA in 2021, Alexander spent four years with IHS Markit. In that role, he advised CFOs and investor relations teams on strategic investor initiatives such as shareholder identification, conference and non-deal roadshow targeting, and activist defense.

Alexander is a CFA charter holder and obtained his bachelor's degree in Business Administration from North Carolina State University, with a concentration in Finance, an honors in Data Analytics, and a minor in Statistics. He graduated summa cum laude.

This episode is sponsored by Schwab Asset Management.

As one of the industry’s largest and most experienced asset managers, we offer a focused lineup of competitively priced ETFs, mutual funds and separately managed account strategies designed to serve the central needs of most investors. By operating our business through clients’ eyes, and putting them at the center of our decisions, we aim to deliver exceptional experiences to investors and the financial professionals who serve them.