Banking Sector Shows Signs of Improvement

by: PlanMaestro

Several months ago, everything indicated that banks were improving each quarter. However, just one widely expected bad Case-Shiller number (mortgage markets continue to be under pressure) and the market reaction once again is to think that the banking sector is in its last days. Bank of America (NYSE:BAC) is at new 52-week lows and Citigroup (NYSE:C) is at prices not seen since mid-last year.

Well, it seems that I will have to repeat the message once again: The mortgage market is only one piece of the puzzle. Banks continue to improve their balance sheets while their bad loan inflows are decreasing.

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