US Money-Center & Investment Banks

Own established banking franchises spanning deposit-funded lending, corporate finance, securities underwriting and wealth management, rather than digital lenders or payment networks. Recent weakness offers a valuation-led entry into these businesses, with BAC, C and WFC trading at the forward earnings multiples shown on the sheet. Wells Fargo's fresh objection to share tokenization highlights incumbent institutions asserting control over how their securities enter digital markets; credit deterioration and weaker deal activity remain the principal risks. Catalysts: - 2026-10-23 WFC: Wells Fargo, Intuit and others object to their shares being tokenized (https://www.reuters.com/legal/government/wells-fargo-intuit-others-object-their-shares-being-tokenized-regulatory-2026-10-23/) Launch basket (equal weight): BAC, C, WFC, JPM, GS, MS 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.