Deposit Banks & Digital Challengers

Deposit-taking banks and digital challengers compete to own customers' primary financial relationships, monetizing deposits through lending and banking services. Recent performance has diverged across the group, creating an opportunity to combine established deposit franchises with digitally distributed banking businesses. Credit deterioration and funding competition remain the principal risks. Launch basket (equal weight): JPM, BAC, WFC, C, NU, SOFI Rules: 1. No inverse, leveraged or volatility ETFs. 2. Only names tradable at the enrolled brokers (Moomoo): no OTC listings, no dead tickers, nothing on the refused list.