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More on the Fed Stress Tests (regional bank focus): BBT, FITB, KEY, PNC, RF, and USB came...

More on the Fed Stress Tests (regional bank focus): BBT, FITB, KEY, PNC, RF, and USB came through with higher ratios than the big banks. STI is the laggard among the regionals, but still showed a 7.3% common ratio, well above the 5% cutoff. KeyCorp is the only stock showing noticeable movement AH, +0.8%.
Comments (1)
  • vallies
    , contributor
    Comments (351) | Send Message
     
    This is just great. I am the only one here commenting on these banks again. They all must be on the BAC page, which is fine, but I feel people are missing such a great opportunity. Yes we have Ms. Warren, this is true., but the two I always like to talk about are not international. The two I like to discuss are HBAN and KEY. These two remind me of one bank that when everything was falling apart, and that's not just the banks fault, but us all. I am not going to get into that here. So, what was that one bank doing,USB, what other weren't. USB was buying up other assets. USB had the sense and mind to have a solid balance sheet, although the were told to take the TARP. They had to pay that back with interest, which is how the short sales are funded. So how is HBAN and KEY today the same as USB back then. For one they have added banking positions. They also have been adding ATM 's and opening tellers in different locations. They have purchased other banks core assets. Do you here certain things, Compare those to other banks who have been selling or firing. Don't just listen to me, study for yourself. S.A. gives you transcripts for FREE to look through. If you do, you'll notice that HBAN has been recently been buying up shares at the 6.30 to 6.40 level. They also have more cash to provide more buy backs at that level. Which makes sense. You should follow that example. Always have cash to the sidelines. If you are sitting at home and you feel you have missed it and you are afraid to put money to work here, well I can't blame you. But consider this. What about purchasing 100 shares of either one of these banks. My suggesting is to have 1,000.00. Start your first purchase at 15 shares. You could do that tomorrow at 7.30. Your next should be .35 under. That would put it at 7.00. You would buy 25 shares. The following .35, that would put it at the 6.70 level. That would be another 25. Then you would pick up your next at the 6.40 level and you would buy 35. The average cost for all of these comes to around under 700. You have to pay for the trades. Why not buy everything at once if it is just going to go higher, well it might. But what if it doesn't and you have everything put in. From my own experience, it just hurts. Why wouldn't I if it went down to that 6.40 to 6.30 level just spend the other 300. It helps to have some cash to the sidelines when that market gets slapped down. Every year we get an at least 4 to 7% correction. Some years it can get worse than that. you could get a 10 to 12% correction. That might give you the chance to get these stocks at or below book. and there is nothing sweeter than that. If you want to invest you need to spend considerable time studying and when the facts change in your stock you change with it. Now one last thing. When every one was selling I had this info to help me pull the trigger at bellow their recent buy backs." The regulatory Tier 1 and total capital ratios were 12.77% and 15.02%. That is respectively above the "well capitalized" thresholds. The print on that date was of Jan 07, 2011'. You also can learn how to channel trade. A little off of the top and a little more in the average in.
    7 Mar 2013, 09:10 PM Reply Like
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