Seeking Alpha

David White » Comments » ACOR

  • Equities: Rally Revives as DJIA Hits Year's Highs [View article]
    New High on the DOW might normally mena the markets are going higher. However, the Office of the Comptroller of Currency is now warning that the results of banks may be much worse than most people are expecting.

    MarketWatch:
    Thinking the worst is behind the industry, investors began looking to 2010 and 2011 when banks should be a lot healthier, according to Richard Bove, an analyst at Rochdale Securities. Third-quarter results will make that leap of faith harder to maintain, he said.

    "Third-quarter earnings for most banks, particularly the regional lenders, will be extraordinarily negative," Bove said.

    He estimates that about 60% of banks will report losses in the period as nonperforming assets continue to grow and charge-offs remain very high. Lenders will also have to increase reserves because they didn't bolster them enough during the second quarter, Bove added.
    Oct 11 01:50 am |Rating: +1 0 |Link to Comment
More on ACOR by David White
Comments by Ticker
A, AA, AAI, AAPL, AAUKY.PK, AAWW, AB, ABB, ABCW, ABD, ABFS, ABIO, ABK, ABT, ABV, ABWTQ.PK, ABX, ACAT, ACE, ACH, ACI, ACM, ACMR, ACN, ACOR, ACS, ACTS, ACWI, ACXM, ADLS, ADM, ADP, ADS, AEM, AEO, AEP, AET, AEZS, AFFM, AFL, AFLYY.PK, AGEN, AGG, AGN, AGU, AHL, AIA, AIB, AIG, AIG.PA,
David White is a
Top 100 Commentor
1290 comments
Rating: 1063 (1549 - 486 )