Chris Ng

Insider Trends in the Financial Sector

Gordon

Instead of just looking at March, take a step back. In the last 6 months WB had 6 insider buys valued at 32.4 Million, 1 insider sell valued at 158K. This excludes acquisitions and disposals from options.

This data is from J3SG - a site specializing in insider data. Also confirmed at MSN money.

Chris

Insider Trends in the Financial Sector

I see the same thing that the author notes for Wachovia. I can't confirm for all banks.

In the past few months, several Director have purchased millions. This includes one 19 million purchase. The CEO purchased 3.9 million.
These seem like more than token purchases to me.

This can be easily confirmed in MSN money - insider purchases.

Chris

Correct me if I'm mistaken.

Financials: Insiders Buying on Consistent Basis

While I agree that large insider purchases relative to their net worth is better, WB insiders have been purchasing millions. The biggest purchase I saw was 20 million. To me, these look like significant purchases.

To Arohan -- it has to be on a case by case basis, I don't think you can say all financial stocks are good buys at moment. But personally, I feel that insider actions weigh heavily. Outsiders can never know the quality of the balance sheet as well as inside mgnt. I am bullish on WB for that very reason.

Chris