Bank profits reached a 6-year high of $37.6B in Q3, according to the FDIC, but for the first...

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june1234 Comments (916)
 
What I want to know with bank profits so high why are all these super-banks stocks (with the exception of JP Morgan) like Citi and BAC sitting at 20% of where they were before 08
4 Dec 2012, 12:53 PM Reply Like

Mark Kowalski Comments (71)
 
I think its fair to say a combination of outstanding litigation risks and 2008 was a bubble. The current levels seem to be fair prices for these stocks.
4 Dec 2012, 01:19 PM Reply Like

Mike Maher Comments (1749)
 
Because shares outstanding have increased drastically, and ROE is down.
4 Dec 2012, 02:28 PM Reply Like

ECWD Comments (7)
 
Banks are being allowed to recapitalize, put aside funds for reserve now highest in history. Similar to the Saving&Loan situation in the 1980's. The economy can not progress without the financial, banks
doing well. When they are allowed to lend, without all the restrictions, they will do very well. Hold on, dollar down, take profit, reinvest. YOU WILL BE GLAD YOU DID.
4 Dec 2012, 02:28 PM Reply Like

Brian Bobbitt Comments (1347)
 
Banks are sittin' on a mountain of cash, waiting for the right market, and we should be doin' the same, less'n u like loozin'.
Capt. Brian
The Lost Navigator
4 Dec 2012, 03:01 PM Reply Like