Seeking Alpha

Revenue is shrinking at U.S. banks and may continue to fall as the industry grapples with a new,...

Revenue is shrinking at U.S. banks and may continue to fall as the industry grapples with a new, tougher regulatory environment. Credit Agricole analyst Mike Mayo says investors should brace for a decade that will bring the “worst revenue growth” for U.S. banks in 80 years.
From other sites
Comments (3)
  • Tony Petroski
    , contributor
    Comments (6368) | Send Message
     
    "...analyst Mike Mayo says investors should brace for a decade that will bring the “worst revenue growth” for U.S. banks in 80 years."

     

    80 years? I'm certain it's closer to 84 years.

     

    The shorts are getting desperate. Robosigning isn't scaring anybody this week.

     

    Disclosure: Long (take that back, just sold, no, wait...bought again) banks.
    26 Oct 2010, 09:57 AM Reply Like
  • Neil459
    , contributor
    Comments (2644) | Send Message
     
    Those same banks that no longer want a relationship with their customers who are worth less than $2 mil, who don't handle their own home loans in their own neighborhoods, who are no longer members of the local chamber of congress, who worship the all mighty dollar and dump on their customers with exorbitant fees. All the while implementing poor security measures and taking every chance to blame their customers for online issues.

     

    Walk into your local bank sometime and you will find there is not much difference between the customer service rep at the bank versus the one at the bookstore.
    26 Oct 2010, 10:13 AM Reply Like
  • Micah
    , contributor
    Comments (483) | Send Message
     
    and that's how you fix TBTF...
    26 Oct 2010, 10:27 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs