Portales Partners specializes in bank stocks. Our equity research blends the micro with the macro, as banks are windows into the worlds of economics and finance. Interest rates and GDP are as important to bank stocks as balance sheet positioning and management strategy. Our judgement and perspective are honed by decades of business cycle experience dating back to the 1970s.
Portales Partners was founded in 1999 when the conflicts from investment banking became too overbearing at the bulge bracket firms. Charlie Peabody, an II ranked bank analyst leads research and Brent Erensel, a former global bank analyst manages sales and marketing.
Previous firms – Morgan Stanley, Donaldson Lufkin Jenrette, Kidder Peabody, UBS
Previous cycles – 1980s LDC, Texas banks, 1990s CRE, GFC, Pandemic
Best Calls – Regional banks 1990, Soft Landing 1995, Housing Bubble 2008 (The Big Short), The Four Horsemen (2020), SIVB 2023
Portales Partners has powerful insights in bank stocks that can fuel profitable trading and investing. We are looking to partner with a broader audience. Our goal is to nest a dozen or so bespoke clients looking for spirited but civil discourse.
Charles Peabody is a Founding Partner of Portales Partners and serves as the Director of Research as well as Senior Banking Analyst. He began analyzing US banks in 1981 and was II ranked when employed by numerous prestigious Wall Street bulge bracket firms. Charlie started Portales Partners in 1999 as a refugee from investment banking con
Charles Peabody is a Founding Partner of Portales Partners and serves as the Director of Research as well as Senior Banking Analyst. He began analyzing US banks in 1981 and was II ranked when employed by numerous prestigious Wall Street bulge bracket firms. Charlie started Portales Partners in 1999 as a refugee from investment banking conflicting influence with the integrity of equity research recommendations. His affiliations have included Kidder Peabody (no relation), Standard & Poor's, Merrill Lynch, Drexel Burnham, and UBS. Charlie has a BA from Lake Forest College. At one point, Charlie had Series 7, 63, 24, 86 and 87 registrations.
Brent Erensel is a Partner and serves as the Head of Sales at Portales Partners. With a distinguished career as a bank analyst, Brent has led bank research teams at Dean Witter (now Morgan Stanley), Donaldson Lufkin and Jenrette, UBS, and Deutsche Bank. His expertise in analyzing U.S. and Latin American banks spans over four decades, begi
Brent Erensel is a Partner and serves as the Head of Sales at Portales Partners. With a distinguished career as a bank analyst, Brent has led bank research teams at Dean Witter (now Morgan Stanley), Donaldson Lufkin and Jenrette, UBS, and Deutsche Bank. His expertise in analyzing U.S. and Latin American banks spans over four decades, beginning in 1981 and culminating his pivotal role at Portales since 2001. Brent has an MBA from NYU’s Stern School of Business and was awarded the CFA charter in 1985. He has a BA from Lawrence University. Brent is a CFA Charterholder and at one point had Series 7, 16, 63, 86 and 87 registrations. Brent has investment projects in earth friendly and healthy concepts including Açaí of America and Ellicottville Greens (vertical farming).
“Credit: Man's Confidence in Man” -Lobby of Moody's Building
Brent: (917) 447-1950 bbe@portalespartnersllc.com Charles: (860) 245-5737 cwp@portalespartnersllc.com
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