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Fidelity National Information Services, Inc.

FISNYSE

103.51

USD
+0.72
(+0.70%)
Market Closed
75.55P/E
13Forward P/E
3.63P/E to S&P500
62.932BMarket CAP
1.67%Div Yield
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Here’s everything:

19.80% VTI 7.14% QFTAQ 3.94% GOOGL 3.70% MSFT 2.88% IQV 2.58% MA 2.55% ENB 2.25% VO 1.97% FIS 1.89% VTV 1.80% ABC 1.73% AMZN 1.72% BKNG 1.70% KMX 1.63% TSM 1.55% META 1.54% ELV 1.54% UNH 1.46% V 1.26% IVV 1.18% BNDX 1.77% RBLX 1.15% EWU 0.94% MOAT 1.15% DIS 0.87% VDC 0.83% SCHW 0.82% VFH 0.63% FISV 0.61% SPSM 0.58% SLYV 0.57% CVS 0.56% UBER 0.50% NFLX 0.45% IJH 0.41% IXC 0.40% MLPX 0.18% IWM 0.45% PRU 1.11% VOO 4.49% AMCPX 9.20% ABALX 2.39% VBK 0.89% CRM 3.22% AAPL

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I read all agreements of the FIs listed in the wiki. AFAIK, if you pass the SPT and have a SSN and US residential address, only

  • Ally Bank does not allow non-citizen non-PR. Source page 2.
  • Cap One does not allow non-citizen non-PR. Source under "Who Can Open an Account"

All other FIs listed allow signing up personal accounts for adults.

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I disagree. People should not be forced to utilize credit product once they are 18 simply because they have to get financing.

I worked with people well into their 40s who never used a debit card, as can imagine they did not have a credit score. They were not at risk.

What about rent payments? Hell, they have to eat and provide basics for themselves.

I'm not saying everyone is credit worthy, but the credit score should not be a sole factor in killing a credit application but unfortunately it is from many FIs

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Not saying to not use CapOne.

I have many dozens of FIs, and the most useful ones are Zelle partners, but each has their advantages.

A joint account is just one feature

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The mainstream non conspiracy answer is governments, pension funds, FIs, and other institutions that don't mind locking in 3%.

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Inquiries show up immediately. Looking at the actual report the inquiry that was requested even shows up on it.

You don’t know what impacted the score, unless you work for fair Isaac. We can say generally what is looked at but we don’t know what each attribute that goes into the score is, and especially how each attribute is weighted.

A lot of banks will ignore recent inquiries if they’re all for an auto loan. Drop in scores from inquiries will typically reverse themselves in a few months. If you’re need to apply for another loan shortly you might run into an issue. FIs will typically dislike people applying for a bunch of different loans in a short time span. Typically an indicator of fraud or with the intent of never paying.

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When re-fis come due I’m sure many will consider selling given how many people live pay check to pay check and won’t have cash to cover the increase in their mortgage payments. Usually this would start a selloff but the strange this is that demand is so high in populated regions like southern Ontario that it’ll likely plateau and then regain momentum again.

Plus many first timers are now conditioned to just “get in when you can” since that advice has worked extremely well for any home owner over the last 60 years.

But I don’t know… it just seems so excessive. I have friends/couples who are buying their first homes for 5-6X their combined annual pre tax income. If that doesn’t scream over leveraged then I don’t know what does?

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For me I actually have 4 account. .

Account 1 - Salary (100%), insurance payments,bills Account 2 - Car payment, kids school fees, daycare, driver (20%) Account 3 - Joint account, for rainy day, savings... (30%) once hit a certain amount, invest in some FIs Account 4 and 5 - dedicated savings account for each of my kid...(15% each) - once hit a certain amount, invest in other things...

Usually after everything is divvyed up, I'm left with a small amount in my account 1, I just go crazy with whatever there if any, and wait for Salary to come in again...

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Stripe only recently rolled out bank account data connection service - I believe YNAB uses Plaid, which has been around much longer and is used by many FIs themselves to validate external accounts for ACH.

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Really depends on software. I used to work for a CU many years ago, and the number of differences we'd see between how our software calculated interest compared to other FIs was astounding. It's usually not even up to the FI itself. They're at the mercy of the software maker unless the FI notices there's an issue and thinks it should be corrected.

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What is FIS and what is E?

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Can someone help e out here. I'm trying to rebalance my portfolio (well balance it in general) and I'm struggling to fully understand the following. Would you consider equities like $ENB and $CNQ as fixed-income or just normal equities? I don't intend on selling unless there is some major spike to their value, so I'm just trying to soak up the divvy and grow my portfoilio.

I'm goign moderately aggressive in my balance 40%FIS / 50%E / 10%Cash

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I agree that re-fis in general are often poorly understood. Way too many people never look past the payment, not even understanding that they’ll be paying for 10 years longer, their loan balance increased by $10K, will be paying more interest or even that their interest rate went up. All they hear is “my payment went down so I’m saving money”.

While this one is obviously a horrible idea, a large amount of re-fis aren’t great ideas either, people just don’t understand them. I’m not saying OP should re-fi. Clearly not. That said, what you are saying is objectively wrong. There likely is a way, just almost certainly not a good one.

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Fcf is the end result of a dcf analysis. Fcf/user, price/fcf etc. some industries like FIs don’t use that because net interest margin is used instead.

The thing about using pure fcf instead of ebitda for quick comparisons is that it gets really tedious to go through all the filings to adjust for one-off events and having to delever beta every time u start screening.

For folks in the industry there are teams of people (tmt/energy/fmcg etc) maintaining an internal database of comps so all the work is already done

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You need to read ER reports and use analyst forward estimates for the growth assumption. Build in your own assumptions about the industry and adjust discounts/premiums accordingly.

What I can say is that do not rely on dcf solely. Build up comparables and precedents and do a sanity check.

Also dcf is not meaningful for some industries like FIs, tech etc.

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So you really trust all your FIs to never make mistakes?

And for tax purposes, sometimes more documentation is needed

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TheLastBearStanding on Twitter made a note a year or so ago which is now being echoed back out of China via Rebecca Choong Wilkings at Bloomberg today:

"2022 is not just going to be about how much property firms owe in debt – but who OWNS that debt." She continues:

"As the economy slows, the property crackdown rolls on and the network of real estate trusts, weaker banks/FIs, suppliers, contractors, workers etc all suffer – there’s going to be a lot less willingness to grant property firms a break when they get behind on payments. In 2022, we’re going to see creditors increasingly anxious to get back what they’re owed -- because their own tight finances mean they can’t afford to wait for repayments or to avoid the risk of becoming embroiled in a broader debt crisis at a borrower or both."

What's interesting is how quickly CCP appears to have rolled out the tanks to stop regular people removing their money from the system, having stated broadly last year that it was working toward the 'Common Prosperty', a sort-of levelling-down for what the Party sees as those that either think they are beyond control or think they are too rich to have to conform.Best guess: Under the hood the balance sheets look worse than anticipated, and potential withdrawals represent a significant credit risk to banks who have underwritten this.

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What kind of accounts are you looking to open? That would be helpful to know if you are seeking ideas.

Bear in mind that banks, brokers, investment advisors, etc. are different types of FIs (financial institutions) - with different regulators and structures. The way that a bank works is vastly different than a broker. Ever since Glass-Steagall Act was repealed - some of the activities between commercial banks and investment banks have also blurred.

An FI that offers banking, investment management, and brokerage services are typically firms with separate subsidiary entities who may have integrated services.

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With 5 FIs reporting earnings before the bell tomorrow (tickers are USB, BK, WFC, BLK, C), we’re going to see blood on the streets tomorrow morning, if JPM and MS were any reliable predictors

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I don't really listen to a lot of podcasts but sometimes - I will listen to Bloomberg Masters in Business - link to Bloomberg podcasts here - https://www.bloomberg.com/podcasts

Also - just realized you asked about economy related insights - I normally prefer content from FIs so you may find these useful:

RBC Capital Markets - https://www.rbccm.com/en/insights/podcasts.page

Charles Schwab - https://www.schwab.com/learn/podcasts

JP Morgan - https://www.jpmorgan.com/solutions/cib/insights/podcast-hub

Fidelity - https://institutional.fidelity.com/app/item/RD_13569_45567/fidelity-podcast-series.html

If you are looking for reading materials about the economy - r/econmonitor is a good source.

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I mean, all FIs can do this to you, my guy. Banks can even close your DDAs without having to give you a reason if they want to.

Behind the scenes they always have a reason like money laundering concerns, you’re on ChexSystems. Just because this guy says “they closed it for no reason”, that doesn’t make it true. He’s either lying or an idiot

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What red flags are you afraid of raising? Was the money obtained illegally? If not, you have nothing to worry about. Structuring your deposits to avoid whatever red flags you're worried about will make FIs way more suspicious of you than simply making a large deposit.

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This is 100% required by law of all FIs.

Trying to avoid it by sending lower is itself a crime, called structuring.

Fact is, if the funds are legit and you pay your taxes, you should not have any concern about it being reported.

No way around it anyway, legally.

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By pandemic they mean printing $19 tril during pandemic for FIs and leaving wallstreet unregulated to the point where they're playing hot potato with a world ending nuke.

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|Ticker|SharesOutstanding|EarningsTtm| :--|:--|:--| |LKQ|282833000|1060623750| |BBWI|228736000|1056760320| |ULTA|51818000|1053978120| |NEM|793651000|1047619320| |CRM|995000000|1044750000| |AME|230910000|1041404100| |CAG|479875000|1036530000| |DRE|384455000|1034183950| |KIM|618007000|1025891620| |KMI|2267000000|1020150000| |IPG|393664000|1019589760| |AEE|258226000|1012245920| |SNPS|152970000|1008072300| |KEYS|179946000|1007697600| |SRE|314305000|999489900| |SYY|509476000|998572960| |QRVO|106027000|993472990| |CDW|135116000|993102600| |GPN|281540000|985390000| |FAST|575606000|984286260| |VRSK|157902000|983729460| |TSCO|111882000|983442780| |MHK|63539000|978500600| |AJG|209614000|976801240| |HRL|546056000|966519120| |CMA|130760000|962393600| |KMX|160538000|960017240| |TER|160203000|953207850| |COO|49337000|948750510| |CPB|300576000|943808640| |PVH|66961000|941471660| |AMCR|1514000000|938680000| |ANET|308264000|937122560| |INCY|221505000|936966150| |IR|405930000|933639000| |DRI|124734000|933010320| |ZION|151359000|932371440| |NTAP|221190000|931209900| |PKG|93701000|921080830| |GPC|141595000|918951550| |CHRW|127266000|911224560| |FIS|610771000|903941080| |DTE|193739000|902823740| |UHS|74381000|861331980| |JBHT|104783000|855029280| |SNA|53374000|840640500| |BF.B|479053000|838342750| |FLT|77341000|837603030| |NLOK|580064000|835292160| |DVA|94600000|830588000| |EXR|134280000|829850400| |EVRG|229478000|810057340| |CHD|242771000|805999720| |ZBRA|52514000|801363640| |TPR|251802000|800730360| |EMN|128882000|797779580| |TDG|54606000|784142160| |MTD|22680000|782913600| |RMD|146285000|781161900| |VRSN|109545000|779960400| |EA|279894000|778105320| |PKI|126148000|774548720| |IT|80539000|772369010| |EFX|122335000|767040450| |WRK|254852000|764556000| |BSX|1430000000|757900000| |CDNS|275759000|752822070| |MKC|268077000|750615600| |FMC|125939000|750596440| |ATO|139015000|749290850| |MSCI|81123000|747954060| |TXT|215083000|746338010| |FBHS|130807000|744291830| |HLT|278332000|729229840| |HES|311263000|728355420| |POOL|40025000|726854000| |IDXX|84007000|726660550| |ILMN|157100000|724231000| |AVY|81714000|719900340| |GL|98600000|712878000| |ALGN|78806000|705313700| |LDOS|136662000|703809300| |NWL|413500000|698815000| |MOH|58700000|698530000| |WAT|60235000|693907200| |WST|74076000|682980720| |LNT|250814000|682214080| |CMG|27962000|680595080| |BWA|239575000|675601500| |DXC|230684000|673597280| |NI|405798000|669566700| |MLM|62366000|663574240| |RHI|110514000|659768580| |FTV|358448000|652375360| |ROK|116262000|645254100| |HSIC|138051000|635034600| |FTNT|802636000|626056080| |SJM|106458000|621714720| |O|601598000|613629960| |AKAM|160305000|607555950| |BRO|282273000|606886950| |BXP|173262000|606417000| |VMC|132896000|602018880| |PNW|113001000|600035310| |MAA|115428000|595608480| |PPL|735903000|588722400| |EIX|381200000|587048000| |LUV|592956000|587026440| |TTWO|161982000|586374840| |TDY|46843000|581790060| |WAB|182648000|580820640| |RL|70094000|571967040| |BR|117227000|555655980| |IFF|254838000|555546840| |NLSN|359693000|550330290| |AAP|60640000|549398400| |PNR|165400000|540858000| |MAS|235940000|540302600| |HII|40047000|534226980| |SEE|146084000|524441560| |DAL|641077000|519272370| |BKNG|40623000|511849800| |AOS|156007000|500782470| |CTLT|179213000|498212140| |CBOE|106189000|496964520| |EQIX|91022000|496069900| |GNRC|63830000|493405900| |NWSA|585742000|492023280| |NWS|585742000|492023280| |TFX|46900000|488698000| |PWR|143709000|488610600| |TRMB|250142000|485275480| |ADSK|217272000|484516560| |REG|172362000|480889980| |PTC|116976000|479601600| |NDSN|57512000|478499840| |IEX|76006000|476557620| |DPZ|36048000|476194080| |ALK|126092000|470323160| |EPAM|57151000|466352160| |ALLE|87805000|460098200| |ARE|163218000|457010400| |CLX|123080000|456626800| |ANSS|86990000|452348000| |IRM|290562000|447465480| |ETSY|127119000|436018170| |SBAC|107829000|434550870| |CRL|50805000|425237850| |XYL|180093000|421417620| |AIZ|54085000|401851550| |PENN|166803000|398659170| |ESS|65333000|394611320| |FDS|37897000|385791460| |HAS|139442000|376493400| |J|128627000|371732030| |XRAY|215452000|364113880| |CPT|106521000|360040980| |JKHY|72862000|355566560| |FFIV|60472000|350132880| |JNPR|323095000|339249750| |ROL|492461000|329948870| |BKR|984576000|324910080| |APTV|270931000|322407890| |HWM|417914000|300898080| |MTCH|285593000|294160790| |CTXS|126580000|282273400| |ALB|117113000|282242330| |MPWR|46643000|279391570| |PEAK|539557000|275174070| |FRT|79420000|261291800| |HST|714777000|257319720| |MKTX|37742000|243813320| |STE|100080000|242193600| |LW|144447000|232559670| |PAYC|60254000|231977900| |TWTR|764297000|229289100| |TECH|39234000|225595500| |NOW|200460000|224515200| |EXPE|157097000|219935800| |ZBH|209577000|217960080| |DXCM|392504000|215877200| |SEDG|55387000|181669360| |VTRS|1212000000|169680000| |TYL|41474000|166310740| |ENPH|135028000|166084440| |UDR|318401000|162384510| |VTR|399695000|151884100| |ABMD|45564000|136692000| |WELL|453968000|131650720| |VNO|191743000|122715520| |CEG|327000000|0| |STZ|183942000|-23912460| |BIO|29932000|-80816400| |CDAY|152645000|-83954750| |AES|667860000|-153607800| |LYV|228064000|-462969920| |WYNN|115965000|-664479450| |CAH|272427000|-964391580| |LVS|764109000|-1016264970| |CZR|214366000|-1275477700| |PEG|499259000|-1288088220| |UAL|326731000|-1996326410| |GE|1101000000|-2213010000| |AAL|649515000|-2377224900| |EBAY|559842000|-3728547720| |NCLH|419101000|-4438279590| |BA|591636000|-4886913360| |RCL|254956000|-5300535240| |CCL|1136000000|-9178880000|

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Everyone should know these checks dick jack shit to inflation when you considering how much of a bailout we gave to FIs the past couple of years.

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I think it's a good "GARP equity" but will suffer for a year or two as we enter recession and number of transactions processed will inevitably go down. Possible acquisition target too. Not long ago FIS tried to acquire them but were not successful.

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Category 3 (part 1)

|Ticker|Name|Sector|Price|Market cap|P/E|Earnings date| :--|:--|:--|--:|--:|:-:|--:| |L|Loews Corporation|Financial|59.77|14709875272|9.29|08/01/2022| |PXD|Pioneer Natural Resources Company|Energy|223.48|54072996286|13.63|08/01/2022| |NXPI|NXP Semiconductors N.V.|Technology|159.32|41831809927|19.78|08/01/2022| |O|Realty Income Corporation|Real Estate|69.19|41624580926|67.82|08/01/2022| |WMB|The Williams Companies, Inc.|Energy|30.05|36601229620|24.97|08/01/2022| |DVN|Devon Energy Corporation|Energy|53.77|35488200302|10.07|08/01/2022| |SBAC|SBA Communications Corporation|Real Estate|327.73|35338799354|82.68|08/01/2022| |GPN|Global Payments Inc.|Industrials|118.86|33463797027|34.02|08/01/2022| |SPG|Simon Property Group, Inc.|Real Estate|99.62|32738968272|14.7|08/01/2022| |ANET|Arista Networks, Inc.|Technology|99.82|30770862475|34.2|08/01/2022| |AWK|American Water Works Company, Inc.|Utilities|148.34|26961283856|20.96|08/01/2022| |TTWO|Take-Two Interactive Software, Inc.|Communication Services|133.62|21662460246|37.33|08/01/2022| |FANG|Diamondback Energy, Inc.|Energy|119.7|21245863678|7.88|08/01/2022| |MOS|The Mosaic Company|Basic Materials|46.61|16872512594|6.6|08/01/2022| |SEDG|SolarEdge Technologies, Inc.|Technology|286.34|15859587825|91.99|08/01/2022| |EMN|Eastman Chemical Company|Basic Materials|92.45|11915177486|15.22|08/01/2022| |VNO|Vornado Realty Trust|Real Estate|29.88|5729292631|46.51|08/01/2022| |UAA|Under Armour, Inc.|Consumer Cyclical|9.58|4343264447|20.39|08/02/2022| |LLY|Eli Lilly and Company|Healthcare|325.62|309390899188|48.32|08/02/2022| |AMGN|Amgen Inc.|Healthcare|245.37|131076651391|24.16|08/02/2022| |ATVI|Activision Blizzard, Inc.|Communication Services|77.94|60939846018|24.69|08/02/2022| |FIS|Fidelity National Information Services, Inc.|Technology|98.63|60240361778|67.08|08/02/2022| |PSA|Public Storage|Real Estate|314.19|55149425519|30.53|08/02/2022| |OXY|Occidental Petroleum Corporation|Energy|57.52|53907220997|8.75|08/02/2022| |ETN|Eaton Corporation plc|Industrials|131.83|52600170730|23.88|08/02/2022| |MPC|Marathon Petroleum Corporation|Energy|85.68|46352443197|5.08|08/02/2022| |MAR|Marriott International, Inc.|Consumer Cyclical|139.39|45622109837|30.9|08/02/2022| |LHX|L3Harris Technologies, Inc.|Industrials|233.55|45045863418|25.16|08/02/2022| |PRU|Prudential Financial, Inc.|Financial|97.41|36528751373|7.91|08/02/2022| |WBD|Warner Bros. Discovery, Inc.|Communication Services|14.28|34655331671|7.09|08/02/2022| |MCHP|Microchip Technology Incorporated|Technology|60.58|33591689769|26.67|08/02/2022| |PEG|Public Service Enterprise Group Incorporated|Utilities|62.51|31208673001|#N/A|08/02/2022| |WEC|WEC Energy Group, Inc.|Utilities|97.16|30647617175|22.66|08/02/2022| |DD|DuPont de Nemours, Inc.|Basic Materials|58.55|29774226187|19.57|08/02/2022| |CMI|Cummins Inc.|Industrials|195.02|27516874056|14.51|08/02/2022| |VRSK|Verisk Analytics, Inc.|Industrials|172.99|27315450548|27.98|08/02/2022| |AME|AMETEK, Inc.|Industrials|113.5|26208273650|25.35|08/02/2022| |OKE|ONEOK, Inc.|Energy|54.57|24371840440|16.25|08/02/2022| |ZBH|Zimmer Biomet Holdings, Inc.|Healthcare|108.87|22816681226|105.67|08/02/2022| |MTCH|Match Group, Inc.|Communication Services|78.45|22399960993|86.61|08/02/2022| |IT|Gartner, Inc.|Technology|251.29|20238652307|26.56|08/02/2022| |LYV|Live Nation Entertainment, Inc.|Communication Services|86.8|19795947215|#N/A|08/02/2022| |WAT|Waters Corporation|Healthcare|328.58|19792130494|28.72|08/02/2022| |PAYC|Paycom Software, Inc.|Technology|306.53|18469652415|79.87|08/02/2022| |CLX|The Clorox Company|Consumer Defensive|140.75|17323495925|38.17|08/02/2022| |INCY|Incyte Corporation|Healthcare|78.19|17319468671|18.61|08/02/2022| |EXPD|Expeditors International of Washington, Inc.|Industrials|100.49|16857579003|11.63|08/02/2022| |ZBRA|Zebra Technologies Corporation|Technology|308.91|16222047417|20.41|08/02/2022| |J|Jacobs Engineering Group Inc.|Industrials|125.42|16132423188|43.62|08/02/2022| |AKAM|Akamai Technologies, Inc.|Technology|94.46|15142429045|25.4|08/02/2022| |XYL|Xylem Inc.|Industrials|79.61|14337171995|34.22|08/02/2022| |PEAK|Healthpeak Properties, Inc.|Real Estate|26.1|14082440515|33.06|08/02/2022| |LDOS|Leidos Holdings, Inc.|Technology|101.57|13880759298|19.99|08/02/2022| |WTW|Willis Towers Watson Public Limited Company|Financial|204.95|13792661360|13.05|08/02/2022| |FMC|FMC Corporation|Basic Materials|108.23|13630400038|18.27|08/02/2022| |BEN|Franklin Resources, Inc.|Financial|25.34|12668074236|6.8|08/02/2022| |LUMN|Lumen Technologies, Inc.|Communication Services|11.27|11642530322|5.47|08/02/2022| |HSIC|Henry Schein, Inc.|Healthcare|77.29|10669938729|16.81|08/02/2022| |CZR|Caesars Entertainment, Inc.|Consumer Cyclical|44.47|9532860728|#N/A|08/02/2022| |AIZ|Assurant, Inc.|Financial|172.86|9349145233|7.56|08/02/2022| |SEE|Sealed Air Corporation|Consumer Cyclical|59.65|8713934682|16.46|08/02/2022| |DVA|DaVita Inc.|Healthcare|77.5|7331500000|9.22|08/02/2022| |RL|Ralph Lauren Corporation|Consumer Cyclical|96.35|6751761792|11.93|08/02/2022| |IPGP|IPG Photonics Corporation|Technology|98.98|5134354081|18.97|08/02/2022| |CVS|CVS Health Corporation|Healthcare|94.52|123944922278|15.71|08/03/2022| |BKNG|Booking Holdings Inc.|Consumer Cyclical|1931.05|78445528896|156.17|08/03/2022| |MET|MetLife, Inc.|Financial|64.22|52224077468|8.33|08/03/2022| |GM|General Motors Company|Consumer Cyclical|34.82|50775916354|5.78|08/03/2022| |EMR|Emerson Electric Co.|Industrials|82.03|48725819274|17.14|08/03/2022| |KHC|The Kraft Heinz Company|Consumer Defensive|38.4|46999720267|38.79|08/03/2022| |MCK|McKesson Corporation|Healthcare|321.55|46168404487|44.28|08/03/2022| |EXC|Exelon Corporation|Utilities|43.29|42433274481|16.38|08/03/2022| |EA|Electronic Arts Inc.|Communication Services|130.2|36442132845|47.2|08/03/2022| |ALL|The Allstate Corporation|Financial|127.16|34966839287|10.72|08/03/2022| |TT|Trane Technologies plc|Industrials|131.49|30750305280|21.9|08/03/2022| |ALB|Albemarle Corporation|Basic Materials|224.79|26325740567|94.51|08/03/2022| |ETR|Entergy Corporation|Utilities|110.55|22483018430|21.13|08/03/2022| |ANSS|ANSYS, Inc.|Technology|256.95|22352107256|49.94|08/03/2022| |CDW|CDW Corporation|Technology|164.34|22204913643|22.7|08/03/2022| |VMC|Vulcan Materials Company|Basic Materials|145.82|19378881111|32.35|08/03/2022| |FOX|Fox Corporation|Communication Services|30.35|17674686308|15.21|08/03/2022| |FLT|FLEETCOR Technologies, Inc.|Technology|217.5|16821628350|20.51|08/03/2022| |MRO|Marathon Oil Corporation|Energy|22.05|15604583805|7.69|08/03/2022| |TRMB|Trimble Inc.|Technology|61.01|15261193505|31.72|08/03/2022| |ATO|Atmos Energy Corporation|Utilities|109.24|15185998303|20.44|08/03/2022| |WDC|Western Digital Corporation|Technology|47.07|14740808250|8.12|08/03/2022| |AES|The AES Corporation|Utilities|21.42|14305554824|#N/A|08/03/2022| |HWM|Howmet Aerospace Inc.|Industrials|32.18|13448472647|45.18|08/03/2022| |MGM|MGM Resorts International|Consumer Cyclical|30.24|12883821454|9.83|08/03/2022| |APA|APA Corporation|Energy|36.45|12328574883|#N/A|08/03/2022| |ABMD|Abiomed, Inc.|Healthcare|255.32|11633385494|85.82|08/03/2022| |NI|NiSource Inc.|Utilities|28.62|11613941962|18.81|08/03/2022| |HST|Host Hotels & Resorts, Inc.|Real Estate|16.09|11500762039|45.05|08/03/2022| |CRL|Charles River Laboratories International, Inc.|Healthcare|226.32|11498160813|27.58|08/03/2022| |RCL|Royal Caribbean Cruises Ltd.|Consumer Cyclical|41.76|10646974660|#N/A|08/03/2022| |ETSY|Etsy, Inc.|Consumer Cyclical|83.62|10629691129|27.9|08/03/2022| |QRVO|Qorvo, Inc.|Technology|97.87|10376901929|10.56|08/03/2022| |BWA|BorgWarner Inc.|Consumer Cyclical|35.69|8550424282|12.72|08/03/2022| |LNC|Lincoln National Corporation|Financial|48.98|8421954185|6.86|08/03/2022| |FRT|Federal Realty Investment Trust|Real Estate|99.53|7904694399|30.22|08/03/2022| |CDAY|Ceridian HCM Holding Inc.|Technology|51.59|7874945255|#N/A|08/03/2022| |DXC|DXC Technology Company|Technology|32.15|7383402170|11.54|08/03/2022| |WYNN|Wynn Resorts, Limited|Consumer Cyclical|58.29|6759594127|#N/A|08/03/2022| |CTXS|Citrix Systems, Inc.|Technology|96.59|12226352077|44.06|08/04/2022| |NWSA|News Corporation|Communication Services|15.78|9300725530|18.79|08/04/2022| |AMZN|Amazon.com, Inc.|Consumer Cyclical|116.46|1184911546365|56.32|08/04/2022| |MA|Mastercard Incorporated|Financial|330.5|321459040300|34.39|08/04/2022| |TMUS|T-Mobile US, Inc.|Communication Services|137.08|171841297015|61.33|08/04/2022| |AMT|American Tower Corporation|Real Estate|261.65|121588071873|45.27|08/04/2022| |COP|ConocoPhillips|Energy|90.91|117587453326|9.35|08/04/2022| |SPGI|S&P Global Inc.|Financial|341.66|116130235244|24.66|08/04/2022| |CI|Cigna Corporation|Healthcare|265.13|84118698091|16.44|08/04/2022| |ZTS|Zoetis Inc.|Healthcare|174.61|82176460133|40.07|08/04/2022| |DUK|Duke Energy Corporation|Utilities|104.53|80477687872|21.93|08/04/2022| |GILD|Gilead Sciences, Inc.|Healthcare|63.08|79122066336|17.62|08/04/2022| |VRTX|Vertex Pharmaceuticals Incorporated|Healthcare|292.55|74821385422|30.83|08/04/2022| |SO|The Southern Company|Utilities|69.83|74196052865|32.59|08/04/2022| |NOC|Northrop Grumman Corporation|Industrials|463.7|72079662917|12.78|08/04/2022| |BDX|Becton, Dickinson and Company|Healthcare|250.92|71528408910|39.57|08/04/2022| |REGN|Regeneron Pharmaceuticals, Inc.|Healthcare|612.49|67279636716|8.68|08/04/2022| |EOG|EOG Resources, Inc.|Energy|110.59|64774042761|14.76|08/04/2022| |EW|Edwards Lifesciences Corporation|Healthcare|96.98|60297481953|39.75|08/04/2022| |MRNA|Moderna, Inc.|Healthcare|144.27|57384764764|4.24|08/04/2022| |ICE|Intercontinental Exchange, Inc.|Financial|97.91|54659845686|13.6|08/04/2022| |KLAC|KLA Corporation|Technology|339.5|50665282500|16.48|08/04/2022| |MNST|Monster Beverage Corporation|Consumer Defensive|94.58|50096312523|37.35|08/04/2022| |FTNT|Fortinet, Inc.|Technology|59.13|47458135028|77.17|08/04/2022|

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Category 3 (part 1)

|Ticker|Name|Sector|Price|Market cap|P/E|Earnings date| :--|:--|:--|--:|--:|:-:|--:| |L|Loews Corporation|Financial|59.77|14709875272|9.29|08/01/2022| |PXD|Pioneer Natural Resources Company|Energy|223.48|54072996286|13.63|08/01/2022| |NXPI|NXP Semiconductors N.V.|Technology|159.32|41831809927|19.78|08/01/2022| |O|Realty Income Corporation|Real Estate|69.19|41624580926|67.82|08/01/2022| |WMB|The Williams Companies, Inc.|Energy|30.05|36601229620|24.97|08/01/2022| |DVN|Devon Energy Corporation|Energy|53.77|35488200302|10.07|08/01/2022| |SBAC|SBA Communications Corporation|Real Estate|327.73|35338799354|82.68|08/01/2022| |GPN|Global Payments Inc.|Industrials|118.86|33463797027|34.02|08/01/2022| |SPG|Simon Property Group, Inc.|Real Estate|99.62|32738968272|14.7|08/01/2022| |ANET|Arista Networks, Inc.|Technology|99.82|30770862475|34.2|08/01/2022| |AWK|American Water Works Company, Inc.|Utilities|148.34|26961283856|20.96|08/01/2022| |TTWO|Take-Two Interactive Software, Inc.|Communication Services|133.62|21662460246|37.33|08/01/2022| |FANG|Diamondback Energy, Inc.|Energy|119.7|21245863678|7.88|08/01/2022| |MOS|The Mosaic Company|Basic Materials|46.61|16872512594|6.6|08/01/2022| |SEDG|SolarEdge Technologies, Inc.|Technology|286.34|15859587825|91.99|08/01/2022| |EMN|Eastman Chemical Company|Basic Materials|92.45|11915177486|15.22|08/01/2022| |VNO|Vornado Realty Trust|Real Estate|29.88|5729292631|46.51|08/01/2022| |UAA|Under Armour, Inc.|Consumer Cyclical|9.58|4343264447|20.39|08/02/2022| |LLY|Eli Lilly and Company|Healthcare|325.62|309390899188|48.32|08/02/2022| |AMGN|Amgen Inc.|Healthcare|245.37|131076651391|24.16|08/02/2022| |ATVI|Activision Blizzard, Inc.|Communication Services|77.94|60939846018|24.69|08/02/2022| |FIS|Fidelity National Information Services, Inc.|Technology|98.63|60240361778|67.08|08/02/2022| |PSA|Public Storage|Real Estate|314.19|55149425519|30.53|08/02/2022| |OXY|Occidental Petroleum Corporation|Energy|57.52|53907220997|8.75|08/02/2022| |ETN|Eaton Corporation plc|Industrials|131.83|52600170730|23.88|08/02/2022| |MPC|Marathon Petroleum Corporation|Energy|85.68|46352443197|5.08|08/02/2022| |MAR|Marriott International, Inc.|Consumer Cyclical|139.39|45622109837|30.9|08/02/2022| |LHX|L3Harris Technologies, Inc.|Industrials|233.55|45045863418|25.16|08/02/2022| |PRU|Prudential Financial, Inc.|Financial|97.41|36528751373|7.91|08/02/2022| |WBD|Warner Bros. Discovery, Inc.|Communication Services|14.28|34655331671|7.09|08/02/2022| |MCHP|Microchip Technology Incorporated|Technology|60.58|33591689769|26.67|08/02/2022| |PEG|Public Service Enterprise Group Incorporated|Utilities|62.51|31208673001|#N/A|08/02/2022| |WEC|WEC Energy Group, Inc.|Utilities|97.16|30647617175|22.66|08/02/2022| |DD|DuPont de Nemours, Inc.|Basic Materials|58.55|29774226187|19.57|08/02/2022| |CMI|Cummins Inc.|Industrials|195.02|27516874056|14.51|08/02/2022| |VRSK|Verisk Analytics, Inc.|Industrials|172.99|27315450548|27.98|08/02/2022| |AME|AMETEK, Inc.|Industrials|113.5|26208273650|25.35|08/02/2022| |OKE|ONEOK, Inc.|Energy|54.57|24371840440|16.25|08/02/2022| |ZBH|Zimmer Biomet Holdings, Inc.|Healthcare|108.87|22816681226|105.67|08/02/2022| |MTCH|Match Group, Inc.|Communication Services|78.45|22399960993|86.61|08/02/2022| |IT|Gartner, Inc.|Technology|251.29|20238652307|26.56|08/02/2022| |LYV|Live Nation Entertainment, Inc.|Communication Services|86.8|19795947215|#N/A|08/02/2022| |WAT|Waters Corporation|Healthcare|328.58|19792130494|28.72|08/02/2022| |PAYC|Paycom Software, Inc.|Technology|306.53|18469652415|79.87|08/02/2022| |CLX|The Clorox Company|Consumer Defensive|140.75|17323495925|38.17|08/02/2022| |INCY|Incyte Corporation|Healthcare|78.19|17319468671|18.61|08/02/2022| |EXPD|Expeditors International of Washington, Inc.|Industrials|100.49|16857579003|11.63|08/02/2022| |ZBRA|Zebra Technologies Corporation|Technology|308.91|16222047417|20.41|08/02/2022| |J|Jacobs Engineering Group Inc.|Industrials|125.42|16132423188|43.62|08/02/2022| |AKAM|Akamai Technologies, Inc.|Technology|94.46|15142429045|25.4|08/02/2022| |XYL|Xylem Inc.|Industrials|79.61|14337171995|34.22|08/02/2022| |PEAK|Healthpeak Properties, Inc.|Real Estate|26.1|14082440515|33.06|08/02/2022| |LDOS|Leidos Holdings, Inc.|Technology|101.57|13880759298|19.99|08/02/2022| |WTW|Willis Towers Watson Public Limited Company|Financial|204.95|13792661360|13.05|08/02/2022| |FMC|FMC Corporation|Basic Materials|108.23|13630400038|18.27|08/02/2022| |BEN|Franklin Resources, Inc.|Financial|25.34|12668074236|6.8|08/02/2022| |LUMN|Lumen Technologies, Inc.|Communication Services|11.27|11642530322|5.47|08/02/2022| |HSIC|Henry Schein, Inc.|Healthcare|77.29|10669938729|16.81|08/02/2022| |CZR|Caesars Entertainment, Inc.|Consumer Cyclical|44.47|9532860728|#N/A|08/02/2022| |AIZ|Assurant, Inc.|Financial|172.86|9349145233|7.56|08/02/2022| |SEE|Sealed Air Corporation|Consumer Cyclical|59.65|8713934682|16.46|08/02/2022| |DVA|DaVita Inc.|Healthcare|77.5|7331500000|9.22|08/02/2022| |RL|Ralph Lauren Corporation|Consumer Cyclical|96.35|6751761792|11.93|08/02/2022| |IPGP|IPG Photonics Corporation|Technology|98.98|5134354081|18.97|08/02/2022| |CVS|CVS Health Corporation|Healthcare|94.52|123944922278|15.71|08/03/2022| |BKNG|Booking Holdings Inc.|Consumer Cyclical|1931.05|78445528896|156.17|08/03/2022| |MET|MetLife, Inc.|Financial|64.22|52224077468|8.33|08/03/2022| |GM|General Motors Company|Consumer Cyclical|34.82|50775916354|5.78|08/03/2022| |EMR|Emerson Electric Co.|Industrials|82.03|48725819274|17.14|08/03/2022| |KHC|The Kraft Heinz Company|Consumer Defensive|38.4|46999720267|38.79|08/03/2022| |MCK|McKesson Corporation|Healthcare|321.55|46168404487|44.28|08/03/2022| |EXC|Exelon Corporation|Utilities|43.29|42433274481|16.38|08/03/2022| |EA|Electronic Arts Inc.|Communication Services|130.2|36442132845|47.2|08/03/2022| |ALL|The Allstate Corporation|Financial|127.16|34966839287|10.72|08/03/2022| |TT|Trane Technologies plc|Industrials|131.49|30750305280|21.9|08/03/2022| |ALB|Albemarle Corporation|Basic Materials|224.79|26325740567|94.51|08/03/2022| |ETR|Entergy Corporation|Utilities|110.55|22483018430|21.13|08/03/2022| |ANSS|ANSYS, Inc.|Technology|256.95|22352107256|49.94|08/03/2022| |CDW|CDW Corporation|Technology|164.34|22204913643|22.7|08/03/2022| |VMC|Vulcan Materials Company|Basic Materials|145.82|19378881111|32.35|08/03/2022| |FOX|Fox Corporation|Communication Services|30.35|17674686308|15.21|08/03/2022| |FLT|FLEETCOR Technologies, Inc.|Technology|217.5|16821628350|20.51|08/03/2022| |MRO|Marathon Oil Corporation|Energy|22.05|15604583805|7.69|08/03/2022| |TRMB|Trimble Inc.|Technology|61.01|15261193505|31.72|08/03/2022| |ATO|Atmos Energy Corporation|Utilities|109.24|15185998303|20.44|08/03/2022| |WDC|Western Digital Corporation|Technology|47.07|14740808250|8.12|08/03/2022| |AES|The AES Corporation|Utilities|21.42|14305554824|#N/A|08/03/2022| |HWM|Howmet Aerospace Inc.|Industrials|32.18|13448472647|45.18|08/03/2022| |MGM|MGM Resorts International|Consumer Cyclical|30.24|12883821454|9.83|08/03/2022| |APA|APA Corporation|Energy|36.45|12328574883|#N/A|08/03/2022| |ABMD|Abiomed, Inc.|Healthcare|255.32|11633385494|85.82|08/03/2022| |NI|NiSource Inc.|Utilities|28.62|11613941962|18.81|08/03/2022| |HST|Host Hotels & Resorts, Inc.|Real Estate|16.09|11500762039|45.05|08/03/2022| |CRL|Charles River Laboratories International, Inc.|Healthcare|226.32|11498160813|27.58|08/03/2022| |RCL|Royal Caribbean Cruises Ltd.|Consumer Cyclical|41.76|10646974660|#N/A|08/03/2022| |ETSY|Etsy, Inc.|Consumer Cyclical|83.62|10629691129|27.9|08/03/2022| |QRVO|Qorvo, Inc.|Technology|97.87|10376901929|10.56|08/03/2022| |BWA|BorgWarner Inc.|Consumer Cyclical|35.69|8550424282|12.72|08/03/2022| |LNC|Lincoln National Corporation|Financial|48.98|8421954185|6.86|08/03/2022| |FRT|Federal Realty Investment Trust|Real Estate|99.53|7904694399|30.22|08/03/2022| |CDAY|Ceridian HCM Holding Inc.|Technology|51.59|7874945255|#N/A|08/03/2022| |DXC|DXC Technology Company|Technology|32.15|7383402170|11.54|08/03/2022| |WYNN|Wynn Resorts, Limited|Consumer Cyclical|58.29|6759594127|#N/A|08/03/2022| |CTXS|Citrix Systems, Inc.|Technology|96.59|12226352077|44.06|08/04/2022| |NWSA|News Corporation|Communication Services|15.78|9300725530|18.79|08/04/2022| |AMZN|Amazon.com, Inc.|Consumer Cyclical|116.46|1184911546365|56.32|08/04/2022| |MA|Mastercard Incorporated|Financial|330.5|321459040300|34.39|08/04/2022| |TMUS|T-Mobile US, Inc.|Communication Services|137.08|171841297015|61.33|08/04/2022| |AMT|American Tower Corporation|Real Estate|261.65|121588071873|45.27|08/04/2022| |COP|ConocoPhillips|Energy|90.91|117587453326|9.35|08/04/2022| |SPGI|S&P Global Inc.|Financial|341.66|116130235244|24.66|08/04/2022| |CI|Cigna Corporation|Healthcare|265.13|84118698091|16.44|08/04/2022| |ZTS|Zoetis Inc.|Healthcare|174.61|82176460133|40.07|08/04/2022| |DUK|Duke Energy Corporation|Utilities|104.53|80477687872|21.93|08/04/2022| |GILD|Gilead Sciences, Inc.|Healthcare|63.08|79122066336|17.62|08/04/2022| |VRTX|Vertex Pharmaceuticals Incorporated|Healthcare|292.55|74821385422|30.83|08/04/2022| |SO|The Southern Company|Utilities|69.83|74196052865|32.59|08/04/2022| |NOC|Northrop Grumman Corporation|Industrials|463.7|72079662917|12.78|08/04/2022| |BDX|Becton, Dickinson and Company|Healthcare|250.92|71528408910|39.57|08/04/2022| |REGN|Regeneron Pharmaceuticals, Inc.|Healthcare|612.49|67279636716|8.68|08/04/2022| |EOG|EOG Resources, Inc.|Energy|110.59|64774042761|14.76|08/04/2022| |EW|Edwards Lifesciences Corporation|Healthcare|96.98|60297481953|39.75|08/04/2022| |MRNA|Moderna, Inc.|Healthcare|144.27|57384764764|4.24|08/04/2022| |ICE|Intercontinental Exchange, Inc.|Financial|97.91|54659845686|13.6|08/04/2022| |KLAC|KLA Corporation|Technology|339.5|50665282500|16.48|08/04/2022| |MNST|Monster Beverage Corporation|Consumer Defensive|94.58|50096312523|37.35|08/04/2022| |FTNT|Fortinet, Inc.|Technology|59.13|47458135028|77.17|08/04/2022|

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Someone bought nearly $5m worth of FIS 11/18 100c today

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No?

You got folks doing re-fis to buy new properties & borrowing money and are now leveraged to the tits. What happens if we have a recession and people can’t pay rent? Boom!

https://www.reddit.com/r/Burryology/comments/vepth5/definitely_not_a_bubble/

https://www.reddit.com/r/wallstreetbets/comments/vdokhk/the_big_short_2_trailer_just_dropped/

You got so many airbnb’s that are reliant on disposable income for people to vacation. So many, that citys are even cracking down on them. What do you think happens if all of a sudden 4000 properties went on sale in Atlanta?

https://www.11alive.com/amp/article/news/local/thousands-of-airbnbs-short-term-rentals-could-disappear-from-atlanta/85-4561ec4c-d051-40f1-b726-4d8deb46ff09

60% of people that did refis last year, took cash out, meaning they will be underwater if housing prices fell.

Stock market is down 30%, tech has already had tons layoffs.

Real estate is a house of cards bub.

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Get a different card now.

Make sure to stay on top of stuff, every Fintech and FI should have activity at least monthly.

I have 137 accounts with 83 FIs and it is not too difficult to manage that.

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Plenty of garbage is placed in portfolio too. Many smaller FIs are desperate to hit volume targets while lending and finance argue. I’ve sat in that seat on the finance side looking at a bunch of mis priced loans that are now illiquid while lending throws a cake party because they hit their quota.

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Do FIS

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I like alternative asset managers, BX, APO, KKR, CG. Some traditional assetsl managers are interesting too, namely BLK and TROW. Then insurance brokers are also quite interesting, AON, MMC, AJG and others. Then we have credit rating agencies which have large moats and high margins like EFX, TransUnion and Experian. In payments processing space besides V and MA there's also GPN and FIS which can be quite interesting.

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Are you talking aesthetics?

Personally the app just needs to get the job done.

I have 137 accounts with 83 FIs and I couldn't say which apps are "better" than other

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Essentially, yes. As far as lenders are concerned DTI is income that already has an obligation. This includes lines of credit and loans of almost any kind (depending on the FI).

I would suggest seeking a credit consultation and speaking with a finance professional, or even a mortgage loan officer, about what you can do to get your ducks in a row to start building your credit. Many FIs have products that can assist you with building credit.

Multiple trade lines, on time payments, and longevity of credit history are the biggest factors when it comes to credit score.

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I just want $FIS to get back to $150 so I can dump it and lose my money somewhere else.

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> Do some FIs just not bother with the review?

As a former BSA/AML consultant, I certainly hope not or they're in for a world of hurt.

>I'm especially thinking about credit card issuers. Maybe it doesn't matter there because credit cards aren't as good for moneylaundering? I have no idea.

They should be checking for basically any product. They should check if you cash a check.

https://www.visualofac.com/sectors/banks/#:~:text=OFAC%20compliance%20for%20the%20financial%20industry%20means%20that%20in%20addition,Guarantors%20%2F%20Cosigners

>But my general understanding is that credit card issuers are ultra-reliant on algorithms, so if they search OFAC then maybe I'm just screwed if I want a credit card?

It should just get kicked out for a manual review, lest someone named Stephen or something common ending up on the SDN list would cut into their potential customers.

Every FI should have some dedicated person or department to handle OFAC

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Do some FIs just not bother with the review?

I'm especially thinking about credit card issuers. Maybe it doesn't matter there because credit cards aren't as good for moneylaundering? I have no idea.

But my general understanding is that credit card issuers are ultra-reliant on algorithms, so if they search OFAC then maybe I'm just screwed if I want a credit card? This is all just speculation. Any ideas?

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My uncle already lost 1 million usd in stock market, he is super pssed off, but i bet that fis gambling addiction wont let him to stop

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Getting a rock solid downvote from me because of my professional life experience.

I was a personal banker from 2017-2021 and I can very confidently say that the only people who were refinancing to ARMs in 2020 and 2021 were doctors and dentists because most FIs offer them stupid low rates on ARMS. We could do a 30 year fixed rate refi below 3% for a time in 2021, so most people did that.

The ARM may have gained popularity again in the last 6 months due to rising rates, but next to NOBODY did them in 2020 or 2021. What people DID do, however, was do a cash out refi to 80% LTV, or take out HELOCs and rock bottom rates. Heloc rates are tied to prime.

I do worry that there will be a market downturn when rates go up. Fewer buyers will be able to afford houses with sky high rates and houses prices will likely go tits up when that happens.

I’m not sure how to play that though. Puts on bank stocks? Puts on REITs? I don’t have any positions relating to FIs or REITs

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Yeah I'm having this same issue all the way up to two separate FIs I banks with both denying the Medallion/Signature Guaranteed stamp. I hadn't called Treasury Dept yet but good to know that this can now just be a regular notarized stamp. I was told by JPMorgan Chase and Fidelity both that both doing a Signature Guarantee on the account authorization form, that they (the FI) would be signing up for financial liability of the account I open with the Treasury Department. They both told me they would only do a Signature Guarantee on sale or transfer of ownership on a security that they hold. So stupid that the Fed would require that level of guarantee. I believe all this is (or all it should be anyway) is a regular KYC check -- i.e. someone sees me in person and confirms I am who I say I am and am not a money mule or deep fake or third party fraudster or other nefarious actor.

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Do you have actual evidence that Archegos and its use of super leverage swaps, which caused huge losses among major FIs on wall street btw, is happening commonly on wall street akin to subprime lending crisis?

Or do you think those major FIs that got burnt by Hwang, losing around 10 bn from the event, would have been majorly pissed about getting burnt by Hwang and likely are stamping out the behavior? I am not naive, but I trust the big money guys to be shrewd, selfish and protective enough of their own self-interests to avoid this happening again.

You are right that there is always bad shit going down in financial markets. Crooks will always be there. But "systemic" is a fairly strict term. We need there to be multiple bill hwangs (magnitude x quantity) for this to be considered systemic. We can't just point to a collapsing bridge and extrapolate that all bridges globally are poorly constructed.

For the sake of all our portfolios and our actual real lifes, I hope I'm right. A GFC 2.0 now would be catastrophic far beyond the previous one, and if you lived through it you know it's not just some funny event. People lost their lives during the GFC, which is why I am very, very reluctant to throw it around wantonly.

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I’d never short apple, or Tesla, or anything megacap. Too much external pressure from big FIs.

We’re indeed far ahead of the curve on SNAP. This short will be a goldmine.

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Yes but not all companies coming out of the dot com bubble were so lucky. You also have your pets.com or even your yahoos where it never bounces back

I am really curious about Shopify in the medium to long term

Also, FIS and FISV. I believe all these companies could be lows

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There’s so many potential scenarios it’s really not worth discussing further. Like, it may be a gradual collapse or there’s already billions in crypto that people would look to use. It’s not like it needs a super quick transition, people are already transitioning. Banks are also transitioning. One of the largest payment processors in the world, FIS, just signed a deal with Circle Pay to start taking USDC at traditional payment terminals.

These things are already moving to give resiliency and options in finance. Hard to imagine where it will be in 10-20-30 years.

https://www.pymnts.com/cryptocurrency/2022/fis-circle-team-up-to-offer-usdc-acceptance/

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RCL 75p 6/17 Gamestore 100p 6/17 RIVN 25p 6/17 FIS 95p 5/20 UBER 30p 9/16 SPY 420c 5/13

All to be financed by the sale of 5/20 SPY 435/425p

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The type of fundamental data that you are asking about - I've only ever seen with commercial solutions which are intended for asset management and investment banking professionals. The data subscriptions are not really meant for individual retail use. But if you are asking for professional use - there is Refinitiv Eikon (I think London Stock Exchange now owns that product) and Sungard FAME Desktop for Excel (I think that FIS may own that product now).

If you just want real-time market data - some retail brokers offer APIs with Excel integration using DDE if you are a customer - Ibkr and TDA both have solutions.

Ibkr link - https://www.interactivebrokers.com/en/?f=%2Fen%2Fgeneral%2Feducation%2Fpdfnotes%2FPDF-TwsExcelAPI.php

TDA - https://tlc.thinkorswim.com/center/release/rel-04-26-2014#section_5 - not sure how well supported RTD is today because they now have a REST API. This guide is a common reference - https://www.lockeinyoursuccess.com/wp-content/uploads/2016/04/Connecting-ThinkOrSwim-to-Excel.pdf

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Were you deployed at the time the interest was waived? This would be beyond the accommodations required by law for active service members but some FIs choose to exceed the requirements and/or never get around to increasing the interest rate when you return.

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No, no, and no.

Mortgages are long term. Everything else you listed is short term. Even if you "knew" you were going to sell soon (i.e., the mortgage wasn't long term), re-fis aren't free, and any refi costs would kill whatever net interest savings there was.

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Open accounts at FIs your dad dies not use.

Transfer everything out of the old one.

Your finances are no longer any of his business.

Politely but firmly demand he return the funds he stole.

If he claims he does not have it in liquid form, see what assets he can transfer

get him to agree to a written payment plan, with interest going back to the dates of his thefts.

Get liens on his car and the house.

Talk to a lawyer if needed, be prepared to press charges, shame him in public, with his employer etc if needed.

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Get better at organising your affairs.

Computers are useful tools, calendar reminders etc.

Every Fintech and FI should have activity at least monthly.

I have 137 accounts with 83 FIs and it is not difficult to manage that.

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The better play is the credit card processors who will be able to gain access to all those transactions - FIS, FISV, JPM, etc

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I have 137 accounts with 83 FIs

but I'm special

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Something even scarier, if you do your business with a credit union or smaller bank, they likely outsource the majority of their card processing and servicing to a company like FIS, Fiserv, or Jack Henry. Most of them use Falcon for their fraud detection. Those agents have access to accounts at thousands institutions. The number on the back of the card goes to Falcon, not to your actual institution.

I’m in cybersecurity now and the thought of one group of people having that level of access is concerning. It’s a necessary evil though since small institutions couldn’t afford to exist without it.

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Large financial institutions generally have businesses which are diversified. A bank, brokerage, investment advisor, mortgage lending, investment banking all generate revenue and have risk profiles which are very different. And in the US - the capital reserve requirements are much higher than in the past.

That said - I understand your sentiment. I think that there is an argument where concentration risk at some large FIs may pose a problem. Some of these large financial institutions could have exposure in such a way that causes the failure of one line of business to impact the entire FI. And it's been suggested in the past that some of these "too large to fail" financial institutions should be broken up because if they fail - it could cause a ripple effect. Alan Greenspan, former Federal Reserve chair was a proponent of breaking up such FIs.

If you look back at 2008, I think that there are interesting learnings from the Washington Mutual and Lehman failures. And large FIs like Wachovia and Countrywide that were on the brink of collapse had to be rescued/acquired by other FIs. And if you looked at what happened with Wachovia as an example, their collapse really didn't have much to do with their legacy AG Edwards or Evergreen investment management business units. And firms like AIG were able to just barely save themselves with lots of government help.

Financial risk isn't my area of expertise, but I think (at least I hope) that regulators and financial risk management at FIs have learned a lot from 2008 and some of the additional safeguards can reduce the likelihood of large systematic failures. But these kinds of risks are always a moving target.

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Fuck yes. FIS July 140c in at .24

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Stripe made its annual letter available to the public for the 1st time.

In 2021, Stripe processed more than $640B in payments, up 60%. To put this in perspective, this compares with ~$2.1T in volume for $FIS (up 20%), $SQ at ~$150B (+49%) and $ADYEY at ~$560B (up 70%).

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I like other people's mention of $ABML, $DNA, and $IONQ. I will also add:

$MQ - Prior Salesforce CTO in charge of their tech stack and just lured the former Visa CFO

$PSFE - It's been depressed given their mgmt but, they just on-boarded a long-time FIS exec as CEO today and have been making major wins in unifying gambling hubs

$RKLY - photonics seems to be the natural next step in health monitoring devices and the level of talent they have is extraordinary

$SMFR - they have amazing leadership experience and a massive database to advance precision medicine / improve drug development pipelines

$TWST - a long shot but if they unlock DNA storage, they'll quickly become as big as any fabless company on the market today (I think)

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I’ve never had good experience with banks. 3rd party lenders tend to somehow have better rates and be more flexible. Not sure what state you’re in. I’m in California and have received about 7 loans through purchases and Re/Fis. Haven’t used a bank once.

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Calls on GLD and FIS, got it!

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SPY is an ETF listed on the NYSE Arca exchange. (https://www.investopedia.com/terms/n/nyse-arca.asp)

Who places buy and sell orders on the exchange?

NYSE Arca offers three levels of exchange membership for financial firms that want to engage in market-making practices on the ECN.

  1. Standard market-making requires that members actively maintain a two-sided market at all times in the names that they make markets in.

  2. Lead market makers (LMMs) are the primary designated market maker in a given name and are held to more stringent standards and margin requirements.

  3. The third status, ETP Holder, are financial institutions that do not wish to make markets but do want to use the exchange for order routing of exchange-traded products for their own books or on behalf of their brokerage clients.

As of fall 2021. NYSE Arca membership consists of around 150 member firms (https://www.nyse.com/markets/nyse-arca/membership):

303 Securities, LP
ABN AMRO Clearing Chicago LLC
ATM Execution LLC
Aegis Capital Corp.
Alpha Trading LP
Alpine Securities Corporation
Alternative Execution Group
Apex Clearing Corporation
Archipelago Securities, LLC
Axos Clearing LLC
BGC Financial, L.P.
BMO Capital Markets Corp.
BNP Paribas Securities Corp.
BTIG, LLC
Banyan Securities, LLC
Barclays Capital Inc.
Bay Crest Partners, LLC
Belvedere Trading LLC
Bluefin Capital Management, LLC
BofA Securities, Inc.
Bolt-X LLC
C&C Trading LLC
C.L. King & Associates, Inc.
CBOE Trading, Inc.
CF Global Trading, LLC
CIBC World Markets Corp.
CLSA Americas LLC
CODA Markets, Inc.
Canaccord Genuity LLC
Cantor Fitzgerald & Co.
Capital Institutional Services, Inc.
Chardan Capital Markets LLC
Citadel Securities LLC
Citigroup Global Markets Inc.
Clear Street LLC
Clear Street Markets, LLC
Clearpool Execution Services, LLC
Compass Point Research & Trading, LLC
Consolidated Trading LLC
Cowen and Company, LLC
Credit Suisse Securities (USA) LLC
Critical Trading, LLC
Cutler Group, LP
DRW Execution Services, LLC
DRW Securities, LLC
Daiwa Capital Markets America Inc.
Dash Financial Technologies LLC
DriveWealth Institutional LLC
Electronic Transaction Clearing, Inc.
Exane, Inc.
FIS Brokerage & Securities Services LLC
First Manhattan Co.
Flow Traders U.S. LLC
Fred Alger & Company, Incorporated
G1 Execution Services, LLC
GFI Securities LLC
GTS Securities LLC
Glendale Securities, Inc.
Global Execution Brokers, LP
Goldman Sachs & Co. LLC
HAP Trading, LLC
HRT Execution Services LLC
HRT Financial LP
HSBC Securities (USA) Inc.
Hilltop Securities Inc.
IEX Services LLC
IMC Chicago, LLC, DBA IMC Financial Markets
Imperial Capital LLC
Industrial and Commercial Bank of China Financial Services LLC
Instinet, LLC
Interactive Brokers LLC
J.P. Morgan Securities LLC
JNK Securities Corp.
Jane Street Capital, LLC
Jane Street Execution Services, LLC
Jefferies LLC
Jump Trading, LLC
Kershner Securities, LLC
Ladenburg Thalmann & Co. Inc.
Latour Trading, LLC
Lek Securities Corporation
Lightspeed Financial Services Group LLC
Lime Trading Corp.
MKM Partners LLC
Maxim Group LLC
Merrill Lynch Professional Clearing Corp.
Mint Global Markets, Inc.
Monness Crespi Hardt & Co., Inc.
Moors & Cabot, Inc.
Morgan Stanley & Co. LLC
Nasdaq Execution Services, LLC
National Financial Services LLC
Needham & Company, LLC
OTA, LLC
Old Mission Capital, LLC
Oppenheimer & Co., Inc.
Oscar Gruss & Son, Incorporated
Peak6 Capital Management LLC
Pershing Advisor Solutions, LLC
Pershing LLC
Piper Sandler & Co.
Puma Capital, LLC
Pundion LLC
Quantlab Brokerage, LLC
RBC CMA LLC
RBC Capital Markets, LLC
SG Americas Securities, LLC
SMBC Nikko Securities America, Inc.
SVB Securities LLC
Safra Securities LLC
SageTrader, LLC
Sanford C. Bernstein & Co., LLC
Santander Investment Securities Inc.
Scotia Capital (USA) Inc.
Sea Otter Securities Group LLC
SpeedRoute LLC
Stonex Financial Inc.
Sumo Capital, LLC
Susquehanna Financial Group, LLLP
Susquehanna Investment Group
Susquehanna Securities, LLC
TD Ameritrade Clearing Inc.
TJM Investments, LLC
TRC Markets LLC
Telsey Advisory Group LLC
ThinkEquity LLC
TradePro Securities, Inc.
TradeStation Securities, Inc.
TradeZero America, Inc.
Tradebot Systems, Inc.
Triad Securities Corp
Tudor, Pickering, Holt & Co. Securities, Inc.
Two Sigma Securities, LLC
UBS Financial Services Inc.
UBS Securities LLC
Velocity Clearing, LLC
Velox Clearing LLC
ViewTrade Securities, Inc.
Virtu Americas LLC
Vision Financial Markets LLC
Wall Street Access
WallachBeth Capital LLC
Webull Financial LLC
Wedbush Securities, Inc.
Wells Fargo Securities, LLC
William O'Neil Securities Incorporated
Williams Trading, LLC
Wilson-Davis & Company, Inc.
Wolverine Execution Services, LLC
Wolverine Trading, LLC
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Help me understand why rising rates are bad for mortgage companies at this stage. Re-fis have already dried up and are priced in (I.e. why UWMC dropped to just over $4 and RKT dropped to around $10). Housing inventories and purchases were already low during Covid and it’s unlikely they are going to go lower just because interest rates rise by 1-3%. Middle class people are still going to move for jobs/opportunities, upsize or downsize due to family needs, etc., banks are still going to foreclose on mortgages and sell homes to new buyers, estates are still going to liquidate assets, etc.

Higher rates tend to lead to larger profit margins on new purchase loans and more value in retaining the servicing rights for those mortgages. RKT and UWMC tend to retain a percentage of their prime mortgages to keep a cash flow and sell the rest of the generated mortgages to the GSEs. Altogether there is a reason why both RKT and UWMC survived the 2008 crash and continued to grow. I’m not saying the environment is particularly bullish for their stocks either, but don’t understand where the extreme refrain about them going bankrupt due to rising rates is coming from.

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I don’t know that CarMax even does re-fis. I kinda doubt they do. Regardless, that doesn’t change the answer. Whoever gives you the lowest rate. Start with your local credit union.

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Is your sister broke or something? How has she not saved enough as an adult to pay you off? Also, re-fis can be super cheap.

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Follow the law and notify the bank of unauthorized transactions in wiring at the appropriate address.

They should not discourage you from notifying them of unauthorized transactions.

> If a consumer provides a financial institution with written or oral notice of an error within 60 days of when a periodic statement is sent, Reg E requires FIs to promptly investigate that claim, provide provisional or final credit to the consumer within certain time periods, inform the consumer of the credit, correct the error within one business day of determining there was an error, and report the results to the consumer within three business days after completing its investigation.

https://www.nacha.org/news/which-60-days-it-understanding-different-periods-regulation-e-and-nacha-rules

> A financial institution must begin its investigation promptly upon receipt of an oral notice. It may not delay until it has received a written confirmation.

https://www.consumerfinance.gov/rules-policy/regulations/1005/interp-11/#11-c-Interp-1

> If the financial institution is unable to complete its investigation within 10 business days, the institution may take up to 45 days from receipt of a notice of error to investigate and determine whether an error occurred, provided the institution does the following:

> (i) Provisionally credits the consumer's account in the amount of the alleged error (including interest where applicable) within 10 business days of receiving the error notice.

https://www.consumerfinance.gov/rules-policy/regulations/1005/11/#c-1

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February's 10 Worst Performing S&P 500 Stocks:

$EPAM: -56.4% $PYPL: -34.9% $FB: -32.6% $EXC: -26.6% $VTRS: -26.5% $FIS: -20.6% $ZBRA: -18.8% $APD: -16.2% $LUMN: -16.2% $IPGP: -15.6%

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In reverse order:

>Why do banks make you escrow???

Because until you've paid off the mortgage, they have a financial stake in that property. So they want assurance that the property taxes are being paid and that it is sufficiently insured (the two primary escrowed bills). If your mortgage includes PMI, that's also processed through escrow.

>What are the pros and cons?

Cons:

  • The lender gets to require that you keep a "minimum balance" at all times. By law that can't be higher than 1/6th of the annual cost of the escrowed bills, but if you're paying $6000 dollars a year for tax+insurance, then there's a thousand dollars sitting in escrow that's not doing you any real good.
  • Escrow can "hide" what you're paying for those escrowed bills. If your insurance premium goes up $600 a year, you only "see" an increase of $50 a month on your monthly mortgage bill. Having to write Allstate a much bigger check after twelve months might prompt you to shop around for new options.
  • The yearly "escrow analysis" almost always comes with a bump in payment (since costs tend to rise each year), often with an "escrow shortage" that needs to be made up. The banks usually get the blame for "increasing my mortgage payment", but they're really only passing along the higher cost you owe to other entities.

Pros:

  • Your lender (or servicer if different) is required to pay any incoming bill, in full and on time, regardless of how much money is actually in the account. They will absolutely be coming to you to make up that shortage, but you won't have to worry about the county repossessing your house for unpaid tax or have a lapse in insurance due to non-payment. Mistakes do happen, but under most escrow agreements any late fees / penalty that is incurred due to failure to pay should be the responsibility of the bank.
  • Enforces saving for annual big costs on the house in addition to your mortgage's principal + interest payment.
  • I think some escrow accounts earn interest that may go to the borrower, but I think those are rare (may depend on state law) and at best are going to be around 0.1% savings account rates.

>Would you Escrow on your Mortgage?

I don't consider it a deal breaker, I have used escrow on all my mortgages (two houses + couple of re-fis). As long as you remember that money is just being "held" by the bank to cover some bills that you're ultimately responsible for and keep yourself informed about changes as they're reported on the annual analysis, it's not a horrible system.

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Hedge funds, investment banks and other FIs, I know you read this sub. For once in your lives do something worthwhile and make sure the Rouble crashes through the floor today. The sooner ordinary Russians feel the pain the greater the chance of Putin having an accidental and sadly terminal encounter with a pellet of hot lead.

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Worked ACH (including fraud) at a CU. While larger organizations may have the ability to send out notices, smaller ones don't always depending on the system they use (and the flip side, a company as big as OP's parents processes millions of ACHes daily). We had a string of fraud via ACH (Never heard about the source, but they all had a few things in common including a few local businesses they all wrote physical checks to) and it was similar. Couple small tests & then a big whammy. Since ACHes that match name, routing, and account they aren't typically flagged unless the account is flagged.

After that we put a process in place to manually review large transactions. Most days this was a 20-30 minute job, but days like Social Security & Mortgage Payment days this could be an hour or two, and lots of phonecalls, voicemails, etc. The best tool is for people to use their online banking/mobile app and setup alerts. Some FIs will allow you to limit the size of ACHes but TBH compared to Debit Card controls and restrictions, the ACH system is primitive almost.

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Qcom/Skyworks/GPN/FIS

all are forecasted to grow immensely (at least 8%+) and all are priced basically below 15 Forward PE.

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Today on CNBC: the average monthly price of a mortgage payment is up by $250 per month in comparison to last year, the volume of mortgage applications and re-fis has dropped and mortgage broker and loan procceor layoffs have begun

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Earnings Releases By Implied Move (companies with most liquid options)

This is calculated from the closest expiration straddle pricing, which corresponds to the minimum percentage of absolute move needed to turn profit on a movement play

​

MONDAY 2022-02-14

$CMRE on before open: 6.86%

$AAP on after close: 7.26%

$CLR on after close: 8.23%

$THS on before open: 9.86%

$AMKR on after close: 10.24%

$AGTC on before open: 16.19%

$SB on before open: 22.63%

$ZTS on before open: 3.99%

​

​

TUESDAY 2022-02-15

$INVH on after close: 4.54%

$QSR on before open: 5.4%

$TRP on before open: 5.51%

$MAR on before open: 6.48%

$BWA on before open: 6.68%

$FIS on before open: 6.77%

$ENLC on after close: 7.23%

$DVN on after close: 7.98%

$VIAC on after close: 8.03%

$CF on after close: 9.25%

$ZI on after close: 12.46%

$SABR on before open: 12.57%

$PACB on after close: 12.81%

$CRK on after close: 13.16%

$SEDG on after close: 13.95%

$AYX on after close: 16.5%

$WCN on after close: 3.98%

​

​

WEDNESDAY 2022-02-16

$VMC on before open: 5.3%

$AIG on after close: 5.48%

$AM on after close: 5.58%

$PXD on after close: 5.61%

$ET on after close: 5.73%

$CSCO on after close: 6.16%

$H on after close: 6.41%

$ATCO on after close: 6.59%

$HL on before open: 6.83%

$SBLK on after close: 6.89%

$MRO on after close: 6.89%

$AMAT on after close: 7.23%

$AR on after close: 9.72%

$MX on after close: 10.21%

$NVDA on after close: 10.79%

$NUS on before open: 11.7%

$SHOP on before open: 12.38%

$CROX on before open: 14.15%

$FSR on after close: 16.87%

$TTD on before open: 17.3%

$CRMT on after close: 17.5%

$FSLY on after close: 18.25%

$SO on before open: 3.04%

​

THURSDAY 2022-02-17

$ED on after close: 3.28%

$WMT on before open: 4.37%

$AUY on after close: 5.91%

$IVR on after close: 6.64%

$CGNX on after close: 7.41%

$HASI on after close: 10.08%

$QDEL on after close: 10.31%

$LTHM on after close: 10.44%

$AN on before open: 11.23%

$SHAK on after close: 11.51%

$COMM on before open: 14.01%

$ROKU on after close: 15.74%

$RDFN on after close: 15.95%

$FVRR on before open: 18.39%

$DE on before open: 6.5%

​

FRIDAY 2022-02-18

$ABR on before open: 8.38%

$DKNG on before open: 16.93%

​

source

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Earnings Releases By Implied Move (companies with most liquid options)

This is calculated from the closest expiration straddle pricing, which corresponds to the minimum percentage of absolute move needed to turn profit on a movement play

​

MONDAY 2022-02-14

$CMRE on before open: 6.86%

$AAP on after close: 7.26%

$CLR on after close: 8.23%

$THS on before open: 9.86%

$AMKR on after close: 10.24%

$AGTC on before open: 16.19%

$SB on before open: 22.63%

$ZTS on before open: 3.99%

​

​

TUESDAY 2022-02-15

$INVH on after close: 4.54%

$QSR on before open: 5.4%

$TRP on before open: 5.51%

$MAR on before open: 6.48%

$BWA on before open: 6.68%

$FIS on before open: 6.77%

$ENLC on after close: 7.23%

$DVN on after close: 7.98%

$VIAC on after close: 8.03%

$CF on after close: 9.25%

$ZI on after close: 12.46%

$SABR on before open: 12.57%

$PACB on after close: 12.81%

$CRK on after close: 13.16%

$SEDG on after close: 13.95%

$AYX on after close: 16.5%

$WCN on after close: 3.98%

​

​

WEDNESDAY 2022-02-16

$VMC on before open: 5.3%

$AIG on after close: 5.48%

$AM on after close: 5.58%

$PXD on after close: 5.61%

$ET on after close: 5.73%

$CSCO on after close: 6.16%

$H on after close: 6.41%

$ATCO on after close: 6.59%

$HL on before open: 6.83%

$SBLK on after close: 6.89%

$MRO on after close: 6.89%

$AMAT on after close: 7.23%

$AR on after close: 9.72%

$MX on after close: 10.21%

$NVDA on after close: 10.79%

$NUS on before open: 11.7%

$SHOP on before open: 12.38%

$CROX on before open: 14.15%

$FSR on after close: 16.87%

$TTD on before open: 17.3%

$CRMT on after close: 17.5%

$FSLY on after close: 18.25%

$SO on before open: 3.04%

​

THURSDAY 2022-02-17

$ED on after close: 3.28%

$WMT on before open: 4.37%

$AUY on after close: 5.91%

$IVR on after close: 6.64%

$CGNX on after close: 7.41%

$HASI on after close: 10.08%

$QDEL on after close: 10.31%

$LTHM on after close: 10.44%

$AN on before open: 11.23%

$SHAK on after close: 11.51%

$COMM on before open: 14.01%

$ROKU on after close: 15.74%

$RDFN on after close: 15.95%

$FVRR on before open: 18.39%

$DE on before open: 6.5%

​

FRIDAY 2022-02-18

$ABR on before open: 8.38%

$DKNG on before open: 16.93%

​

source

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You should not sneak around, just state you are going to be independent and want privacy in your finances.

But yes, establish a separate address, whether you make that a residence, your legal domicile or just a mailing address

and you can set up accounts with as many FIs as you like

There is a limit below which you can ignore any income reported, tiny amounts, no fraudulent intent most likely no problem

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Some implied moves for #earnings next week - 623 companies reporting:
And the explanation on how I get the implied moves(and how I use them) : https://www.optionmillionaires.com/implied-moves-earnings-explanation/
$NVDA 10.9%
$CSCO 6.3%
$AMAT 7.6%
$FSLY 18.6%
$ROKU 15.6%
$DBX 8.2%
$SHAK 10.7%
$RDFN 15.2%
$QDEL 10.7%
$LGND 8.3%
$CGNX 8.3%
$DKNG 14.6%
$DE 5.8%
$BLMN 8.6%
$DASH 15.8%
$PLTR 13.3%
$WMT 4.5%
$FVRR 18.3%
$YETI 10.9%
$POOL 6.2%
$SAM 9.7%
$TRIP 11.8%
$QS 14.4%
$CAKE 9.0%
$NTR 6.8%
$SNPS 7.1%
$MTTR 18.8%
$TTD 17.2%
$SHOP 12.2%
$UPST 24.8%
$RBLX 18.7%
$ABNB 10.0%
$VIAC 7.9%
$WYNN 7.3%
$SEDG 13.4%
$ZI 12.0%
$CROX 14.1%
$WIX 14.3%
$WING 7.9%
$ADI 5.7%
$KHC 5.3%
$GRMN 6.6%
$AYX 15.8%
$AKAM 7.5%
$PACB 12.8%
$CF 9.7%
$WEBR 13.2%
$AAP 7.2%
$CAR 20.2%
$ANET 12.3%
$MAR 6.2%
$QSR 5.4%
$HUN 6.1%
$KRTN 11.0%
$ECL 4.3%
$ZTS 4.5%
$FIS 6.7%
$IQV 6.3%

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Some implied moves for #earnings next week - 623 companies reporting:
And the explanation on how I get the implied moves(and how I use them) : https://www.optionmillionaires.com/implied-moves-earnings-explanation/
$NVDA 10.9%
$CSCO 6.3%
$AMAT 7.6%
$FSLY 18.6%
$ROKU 15.6%
$DBX 8.2%
$SHAK 10.7%
$RDFN 15.2%
$QDEL 10.7%
$LGND 8.3%
$CGNX 8.3%
$DKNG 14.6%
$DE 5.8%
$BLMN 8.6%
$DASH 15.8%
$PLTR 13.3%
$WMT 4.5%
$FVRR 18.3%
$YETI 10.9%
$POOL 6.2%
$SAM 9.7%
$TRIP 11.8%
$QS 14.4%
$CAKE 9.0%
$NTR 6.8%
$SNPS 7.1%
$MTTR 18.8%
$TTD 17.2%
$SHOP 12.2%
$UPST 24.8%
$RBLX 18.7%
$ABNB 10.0%
$VIAC 7.9%
$WYNN 7.3%
$SEDG 13.4%
$ZI 12.0%
$CROX 14.1%
$WIX 14.3%
$WING 7.9%
$ADI 5.7%
$KHC 5.3%
$GRMN 6.6%
$AYX 15.8%
$AKAM 7.5%
$PACB 12.8%
$CF 9.7%
$WEBR 13.2%
$AAP 7.2%
$CAR 20.2%
$ANET 12.3%
$MAR 6.2%
$QSR 5.4%
$HUN 6.1%
$KRTN 11.0%
$ECL 4.3%
$ZTS 4.5%
$FIS 6.7%
$IQV 6.3%

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Yeah, it’s just to clarify that it’s not going to help this situation much. The stonk market will get jumpy due to speculation by banks and FIs but I guess that’s it. The people will always be the loser.

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Puts on FIS. Everyone here uses RH or webull and it trades at a 311p/e. Earnings Tuesday. The graph on RH shows the estimated circle high so it’s likely they miss. The next PYPL

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It is odd that FIs haven’t reacted severely to war threats from Russia, but I think that may be because everyone is playing chicken on an economic scale. FIs may still be participating over leveraged in the market because they know that the Fed has to keep the show running during tense times. There is probably political pressure to hold off on rate changes so the US and it’s economy can remain strong during NATO/Russia negotiations. Of course this is only speculation.

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I’m accumulating below $4.50 and will keep doing it. $0.10 quarter dividend is safe. Re-fis dying down have already been priced in. Lenders make more on originations/purchases when interest rates are higher and when prices are higher. The value of the servicing rights they hold also increase.

There isn’t much reason why the stock price is this low other than lack of institutional interest (which will remain with Ishbia owning the majority of the stock). That means it will be at the whims of retail who tend to act on short-term trends instead of fundamental outlook. Once the bear market dies down it will pop back up.

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First off, what’s your current interest rate? Re-fis seldom make sense if it increases it.

Assuming it’s less, pros are a decreased interest rate on your home loan and cash to pay off a high interest debt. Cons are collateralizing consumer debt with your house (no one loses their house over credit card debt), increasing your loan balance, possibly increasing your monthly payment, and probably re-setting your loan term to more years remaining than you have now.

Regardless of whether you decide to do it or not, your bigger problem is how you got to $45K of credit card debt in the first place. It wasn’t just with furniture or unexpected expenses. You’re almost certainly using credit cards to live beyond your means. That needs to stop now, or otherwise you’ll end up in the exact same place as now again, but this time with more mortgage debt too.

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  1. Yes, re-fis usually decrease the monthly payment. That’s typically the main point.

  2. Re-fis typically aren’t free and come with closing costs, usually rolled into your principal balance. Coming out if a re-fi, your principal balance typically increases, which means you net less if you sell shortly after a re-fi.

  3. Lower interest rates are generally better. Better still if you can avoid resetting your clock back to 30. Maybe look at 20 year terms too.

To evaluate if a re-fi makes sense, divide the cost by the monthly savings. The time in months is how long you have to continue to own the house to break even.

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If you're into fis take a look at ssnc,seic,fisv,fds.

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Blue chip stocks with strong margins, EPS and EBITDA, like FIS and others in the fintech sector that got walloped for no reason.

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It is a bad stock though . Overvalued and growth projections are slowing down. I rather go with GPN/FIS or Visa in the Fintech place

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FIS, GPN, VERX, AVLR, CASS

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Not familiar with your specific CU's policies, but we are coming out of the holiday season, which I can tell you from experience can get a little tight in the vault if the manager doesn't anticipate the holiday rush or forgets to order from the Fed.

Adding to the fact that FIs tend not to keep a ton of cash on hand if they don't plan to need it, it is totally reasonable that they request that you don't withdraw that in cash immediately.

I would wager their cash order from the Fed will ne coming in next week, when they told you that the funds would be fine to withdraw. So in short, nothing nefarious, just the typical restrictions on doing buisness in cash.

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The simplified reasons behind going "cashless" are:

  • The vast majority of transactions can be handled more efficiently and accurately by cash machines.

  • Teller staff is expensive to maintain, and there is not enough customer demand to keep tellers occupied consistently. Working a teller line is not unlike working retail or fast food. You have rushes and long gaps of downtime.

  • Investing those funds is more appealing to the bank than letting it sit in a vault gathering dust, especially considering the next point. Generally, providing basic banking services is a cost for FIs. They make money on loans and fees, not because someone keeps $15,000 in their checking account.

  • The operational tasks around maintaining large cash vaults are costly (internal audits, additional staff for dual control, several alarms and other security, key controls, etc). It is cheaper to pay an armored car service to deliver cash for instances such as OP's unusual withdrawal on short notice instead of taking on the huge risk and expense of a large vault.

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I don’t know that I would. Particularly for the foundation work, this is what home loans, helocs or cash out re-fis are for. If you do need foundation work, it’s the upper end of that range, not the lower.

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I would take a look at the following stock which are all considerably down from their highs:

DIS -23.6% (Disney)

BA -26.0% (Boeing)

GLW -20.2% (Corning)

PSX -21.6% (Phillips 66)

FIS -29.9% (Fidelity Information Services)

TMUS -21.3% (T-Mobile)

PYPL -38.7% (Paypal)

CRWD -30.6% (Crowdstrike)

JD -39.2% (JD.COM)

BIDU -60.3% (Bidu)

ATVI -36.2% (Activision Blizzard)

OKTA -23.6% (Okta)

LMND -72.1 (Lemonade)

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True on the claim something can't happen again, I should say it seems highly unlikely. I do believe there will be a massive crypto crash that will wipe out a ton of paper wealth overnight when it happens to a degree it could be a systemic risk as more and more major FIs have started holding those assets. The NFT market is even more absurd.

I think we have tax policy (favoring the wealthy) and crypto largely to thank for the slowdown in the velocity of money despite all the money printing. It gave a place for the money to go where it didn't need to circulate in the real economy.

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Fintech is a big chunk of my portfolio but I have been reducing my exposure over the past year in some names. Mostly to lock in gains from the past 5-10 years. However, I don't invest in any of the names that you listed. I tend to prefer the more established fintech processors like FISV, FIS, NCR, JKHY.

The one new name that I've been eyeing recently is ACIW.

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Credit scores are so blatantly anti consumer it is ridiculous. You have almost no control over it and no choice but to participate in a broken system. The whole thing is designed to get you to behave exactly how banks and other financial institutions want you to behave: have debt on a lot of open accounts and pay them promptly. Credit card issuers make money off fees on purchases so they want you to use them, but they also don’t want to write off your debt so they want your utilization to stay relatively low and for you to pay off balances over time so they accrue interest. You actually get punished for stuff like paying off loans because the FIs want you to take out new loans.

There is also no transparency in the system. You have multiple scores from every vendor, and the ones you can actually see are not likely the ones being used by anyone issuing you credit. There can be huge discrepancies in your scores even among the ones provided by the same vendor.

The whole system is a scam designed to make you a debt slave for your entire life. I wish I could tell you not to care about your scores, but unfortunately it is necessary if you want to even meet your basic needs like having a place to live. The whole thing is broken and needs to be torn down and overhauled in w way that makes more sense.

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FIS - started in around 150.00. Was like surely it won’t drop more than 10%. YOLO it all the way down. Just now starting to come back some.

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I own quite a bit of AMC. I want to watch the FIs burn altogether so I’m shorting the market. Need a smarter way as opposed to just a simple short. Any ideas?

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It's all risk management. Some FIs have to de-lever on uncertainty. There was a certain expectation of what the Fed would announce, but there was also a risk that the Fed would announce something unexpected. When that element became known, the money flows back in.

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Recent Tweets
short ratio of $EVTC is 2.69 at 2019-05-31 https://t.co/MKpF6TuAxX $TSS 1.07 $GPN 2.81 $FIS 9.09
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$fis Top analyst price target for next week: https://t.co/UtyGPETaKc
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JP MORGAN is aggressively bullish on fintech & payment processors this morning, raising price-targets across the board: $SQ to $115 $PYPL to $137 $V to $272 $MA to $463 $FISV to $148 $FIS to $134 $TOST to $25
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