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The bank stock rally has paused since the results of the Fed's capital-review tests, but...

The bank stock rally has paused since the results of the Fed's capital-review tests, but improving underlying fundamentals continue, says Sterne Agee. Warnings about lower mortgage profits should be offset by stronger lending demand elsewhere. Favorites heading into earnings: BAC, C, JPM, KEY, PACW, PNC, BPOP, OFG.
Comments (7)
  • Mike Maher
    , contributor
    Comments (2493) | Send Message
     
    So, Sterne Agee likes all the banks? Why not just recommend the XLF then?
    1 Apr 2013, 04:09 PM Reply Like
  • NYCTEXASBANKER
    , contributor
    Comments (2029) | Send Message
     
    how many dogs are in the xlf?
    1 Apr 2013, 06:13 PM Reply Like
  • Mike Maher
    , contributor
    Comments (2493) | Send Message
     
    Top 10 holdings are 50% of the index. I get what your saying, but recommending 8 bank names isn't really narrowing it down, especially when 3 of the 4 biggest banks in the country are listed.
    1 Apr 2013, 10:16 PM Reply Like
  • NYCTEXASBANKER
    , contributor
    Comments (2029) | Send Message
     
    mike
    I'm basically against etf and mutual funds because of the excess baggage. I make my picks of stocks and win or loose its my bet.
    I own jpm,usb,bac,c,rf and hban and by the end of the year I will probably own only bac and usb

     

    good luck on your investments. I see you started in 2005 and you have made me feel real old. In 1961 my dad opened a ugtma (I was 15) account for me and my first trade was american sugar(domino foods today)
    2 Apr 2013, 09:35 AM Reply Like
  • benitus
    , contributor
    Comments (1907) | Send Message
     
    I've been stocking up on BAC, Citi and JPM everytime they dipped, like today, so I can wait for their results, which I expect to be good and I can collect a good pay-check. Hope you can do the same. Happy Easter, everyone!!
    1 Apr 2013, 04:46 PM Reply Like
  • RossSeng
    , contributor
    Comments (53) | Send Message
     
    What makes you think BAC will go higher
    2 Apr 2013, 07:21 AM Reply Like
  • benitus
    , contributor
    Comments (1907) | Send Message
     
    RossSeng....I've been talking about this for quite some time and other readers may be sick of my support for BAC. But, if you care to read my comments on this or other threads concerning BAC, you might understand where am I coming from. Let me know again, if you can't find anything else from me, and I'll be happy to oblige (I'm kind of long-winded, so be prepared for the worst). Alternatively, you can always follow me and send me a message through SA, so that I can reply to you directly. Happy Easter and God bless!!
    7 Apr 2013, 04:39 PM Reply Like
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