Stewie

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Regulators Signal Confidence in Fifth Third

Is this a joke or something. Freedom Bank has four branches and a measly $250 million in deposits, the FDIC was probably happy to find anyone who wanted them.

To equate this as an all clear signal for FITB is just plain stupid. Is FITB on the same path as NCC no, but it is still one of the worst regionals out there. FITB was in a free fall long before the current mortgage crisis, and they will remain a laggard long after other banks start to recover.
Nov 04 11:40 am |Rating: 0 0 |Link to Comment |View article
News Flash: Major Market Turns Aren't Announced In Advance

Tom you completely glossed over the fact most, if not all, banks have lengthened the time they are giving troubled loans before recognizing it as a default. Some banks have gone from 90-180 days. The fact the growth rate slowed is all but irrelevant.
Jul 24 10:50 am |Rating: 0 0 |Link to Comment |View article
News Flash: Major Market Turns Aren't Announced In Advance

Looks like a rehash of the same articles I read in February, and April.
Jul 24 10:45 am |Rating: 0 0 |Link to Comment |View article
Wells Fargo Lays Bear Trap on Wall Street

"should I listen to some emotive blogger with an obvious agenda, or pay attention to Warren Buffett, who has been adding to his substantial $9 billion"

You have to be kidding, if you bought BRK.A 10 years ago at 80,000 it would now be worth a whopping 116,000, that flat out sucks. That's 3.75% a year, you would have been better off in a Treasury Bond. You deserve to be slaughtered in this market.
Jul 18 12:50 pm |Rating: 0 0 |Link to Comment |View article
Financials Buying Opportunity Close at Hand

"Dentists should focus on drilling teeth, and pool their surplus cash with "experts" who focus on finance." Please if you believe Commercial Bankers are financial experts you deserve to lose your money. Give us a break.
Jun 24 19:46 pm |Rating: 0 0 |Link to Comment |View article
Financials - Was There a Bear Tell on Sector Weight?

Good article, and if you break out the commercial banks from the entire financial sector you will see a far worse trend.
Jun 24 19:42 pm |Rating: 0 0 |Link to Comment |View article
Financials Buying Opportunity Close at Hand

You are falling into the same trap a lot of others have. That is lumping Investment Banks and Commercial Banks into the same category. IB's will come back to profitability much faster than traditional banks and may be worth looking at in the forth quarter. Commercial banks will continue to worsen through 09 and into 2010. We are not even close on those yet. Good ideas though.
Jun 24 11:25 am |Rating: 0 0 |Link to Comment |View article
'The Time to Buy Financials' Is Still Not Now

This is part of the problem, value stocks and distressed companies are not one in the same. Value stocks are overlooked situations where the street has underestimated the the earnings and growth potential. Distressed companies are crappy situations where the street had overestimated earnings and growth. They are almost polar opposites.
Jun 22 18:37 pm |Rating: 0 0 |Link to Comment |View article
When Will Fifth Third Bancorp Turn Around?

That's a valid point for sure but about a dozen years behind the curve. Today commercial banks rely far more on fee revenue, than the loan portfolio as a their primary earnings engine. That's why many banks are now trading at multiples of tangible book that would have seemed insane in 1990. Just look to some of the recent bank mergers (last seven years) as evidence. In 1990 the market would have punished a bank who paid more than 125% of book, now deals of 3 to 4 times book are standard. I am not saying all of it is prudent but that's the way it is.
Jun 22 17:15 pm |Rating: 0 0 |Link to Comment |View article
S&P 1500 Regional Banks Index Down 33% YTD

Yes try KRE............
Jun 22 11:21 am |Rating: 0 0 |Link to Comment |View article
'The Time to Buy Financials' Is Still Not Now

"You got to take advantage of market panics. This is as close to a panic as I have ever seen."

What market panic are you talking about ? Look to FITB as an example, they slashed their dividend 66% and cut their earnings guidance by 50% plus. So how is the stock halving in price a panic ? It looks pretty damned efficient to me. Just face the fact you bought into the small rally in financials in late January when you should have realized the macro situation would only worsen.
Jun 21 18:21 pm |Rating: 0 0 |Link to Comment |View article
'The Time to Buy Financials' Is Still Not Now

I am always shocked when I read these responses. The "it must go back up because it used to be higher" mindset has never been more prevalent and busted more dopey investors than it has in Financials the last three months. Get it through your head the pain won't end until late 2010 and the recovery will be slow and measured. I don't think many of you realize how mismanaged some of these regional banks are. Banks are a haven for palm pressing suck-ups not financial managers, which is why bank run investment portfolios and bank run mutual funds are usually a disaster.
Jun 21 11:15 am |Rating: 0 0 |Link to Comment |View article
When Will Fifth Third Bancorp Turn Around?

This is a joke right......for FITB to trade at $32 it would take a PE of 28 which is double the current PE of Chase. Are you guys smoking something ?
Jun 21 08:09 am |Rating: 0 0 |Link to Comment |View article
The 20 Highest of the High-Yield Dividend Aristocrats

Just how is FITB cutting their dividend good timing on your part, especially considering you baghold their largest shareholder (CINF).

"Most investors are told to buy when everyone else is selling." Thanks but I prefer to buy when everyone is buying.
Jun 19 13:58 pm |Rating: 0 0 |Link to Comment |View article
Value in Regional Bank Stocks?

Very nice article, both from a fundamental evaluation and market psychology standpoint.
Jun 17 17:16 pm |Rating: 0 0 |Link to Comment |View article

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by SA Editor Rachael Granby

Stocks discussed in the lightning round session of Jim Cramers Mad Money TV program,
Wednesday, October 15.

Bullish Calls:

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Annaly Mortgage (NLY) -- I think this is a business model that needs to borrow money. Definitively do not buy."
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