First Commonwealth Financial Corp. (FCF)
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- All Comments on FCF
- General Discussion on FCF
- Bank Stocks Down 11.56% Yesterday [view article]
- Financials in Turmoil? Someone Forgot to Tell These Eleven Pennsylvania Banks [view article]
- Regional Banks: Sensible Choice For Shifting Financial Landscape [view article]
- The Top Dividend Paying ETFs and Stocks [view article]
- Prepare Yourself To Buy Financials [view article]
loading ...Recent FCF Articles
- Bank Stocks Down 11.56% Yesterday
- Financials in Turmoil? Someone Forgot to Tell These Eleven Pennsylvania Banks
- Regional Banks: Sensible Choice For Shifting Financial Landscape
- Top 40 Dividend Paying Stocks In the S&P 1500
- Prepare Yourself To Buy Financials
- First Commonwealth Financial: Paying You to Wait
- The Top Dividend Paying ETFs and Stocks
- A Quick Guide to the Highest Yielding Bank Stocks
- Five High Yield, Low Beta Dividend Stocks
- Full List of Articles »
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Bank Stocks Down 11.56% Yesterday [view article]
MI has upside resistance at around $30 / share... I intend to start off-loading shares, graually, above $25, just to be cautious. I hope to meet with *****, this afternoon, to get a better fix on this. Right now, we're sitting in deeply oversold territory. ReplyBank Stocks Down 11.56% Yesterday [view article]
Yes! Capitulation has finally happened! I'm looking at MI and once I'm sure, that everyone who wants to sell, has sold, I intend to pull the trigger! MI is one of the very few banks, which acted pro-activly to raise capital, long before this became a crisis... She sold a data-processing concern, one which I wanted her to sell, even had there been no capiatal reason for doing so. MI is the parent company of Southwest Bank, in Saint Louis (the one that is often the first to drop (raise) rates, when the fed moves. She's even suspended construction of some new branches, in Saint Louis, until things are stable. She's third on a (blanked-out) list of banks, which are in good shape (two banks are better, but I have no idea what they are). Also, the mortgage bailout has covered her (locally), with respect to the closing of our auto plants, which would have surely caused defaults to occur, in the saint Louis area. I want to verify that the market agrees with me, before I increase my holdings, but accumualtion seems to be in order. A well-deserved reward, for one of the few, "who saw this coming and took the necessary steps." ReplyBank Stocks Down 11.56% Yesterday [view article]
The plug protection team bought to squeeze the shorts Thursday and Friday, to goose the settlement price on options as high as possible for Friday expiration. As soon as they were past that, they sold. That is all.Also, the bailout was believable on Friday, but Monday we got to see what the Dems plan to do with it. And the answer is wreck it thoroughly with insane unworkable class warfare riders. So people basically decided on Monday that the bailout was a sham and either wasn't going to happen or wasn't going to help.
People are still uncertain. But until they see a deal in ink they aren't going to believe this braintrust isn't going to screw the pooch yet again. And if the deal is "oh and you have to give us the bank, and make mortgages credit card loans and never foreclose", and such utter rot, then the government can spend as much as it likes and it won't make the slightest difference. Nobody who isn't already bankrupt will take such terms, so it won't save anything, anyway.
The whole point of the Paulson plan was to get the bad paper *out* of the banking system. Make the terms into "if and only if you've failed and want to be nationalized and turned into arms of HUD", then nobody will sell to them and it won't have the slightest effect.
These people are not fit to run a McDonalds... Reply
Bank Stocks Down 11.56% Yesterday [view article]
Don't give us that BS about "why buy when the shorts will be back". No one is buying because there is no known value in these stocks and the weak shorts have been taken out. Having shorts creates buying interest in case you aren't aware. Give us some info about the amount of the short interest in these companies and how much that changed between last week and the week before.Alternatively, go look at the 1932 witch hunt against the shorts only to have the market continue to meltdown for several months after the fact. Why? Because there were no buyers left and stocks simply hadn't found their level. Reply
Financials in Turmoil? Someone Forgot to Tell These Eleven Pennsylvania Banks [view article]
Of course there are banks with even rising stock prices, just like there are banks that are severly hurt in their stock values but will survive anyway.All you need in a bank is one or more senior bankers that say "We do not participate in weird stuff".
And then the weird title of this article: Someone 'forgot' to tell it to these banks... After my humble opinion these banks did see what was coming far better compared to those big Wall Street banks.
Lets leave it with that.
This all does not take away that the entire US financial sector could easily see another decline of 50% in combined market cap.
And when you combine total wiped out market cap from the 11 worst performing banks to these 11 best performing banks, the picture is clear: Well deserved market cap destruction wins it from the smart long time bankers... Reply
Financials in Turmoil? Someone Forgot to Tell These Eleven Pennsylvania Banks [view article]
As with any sector there are shining stars. I've personally been buying select CA community banks that have ZERO exposure to crazy financing. ReplyRegional Banks: Sensible Choice For Shifting Financial Landscape [view article]
There is no reason why bank-"survivors&q... should be good investments long term.IMO banks are facing an ugly future...cheaper ways to reach customers,less branches,higher competition,lower margins as% of deposits,costly layoffs,stagnant or reduced dividends...not necessarily related to current troubles.
Ask newspaper execs for details...
For some reasons many investors believe the credit crunch is the ONLY reason why bank stocks got crushed.
According to my calendar it's 2008,NOT 1990.
Reply
Regional Banks: Sensible Choice For Shifting Financial Landscape [view article]
The stocks have been researched and a longer term, speculative viewpoint was established. One can find dividends much higher than the stocks listed, but the risk/reward is suspect at best. Astute investors know the difference. ReplyRegional Banks: Sensible Choice For Shifting Financial Landscape [view article]
Not one of the dividends meet inflation for the last quarter which was 5.2%, I think. That means you are losing money unless the price of the stock advances. ReplyRegional Banks: Sensible Choice For Shifting Financial Landscape [view article]
This author has obviously not researched any of these stocks in depth. The entirety of the research can be summed up in the sentence "shed a nice dividend that appears supported, trade at a decent volume per day and have a successful niche market, excellent management, or both, indicating hope for future prosperity."Follow his advice at your own peril. Reply
Regional Banks: Sensible Choice For Shifting Financial Landscape [view article]
How do you distinguish between regionals that don't own FNM, FRE and the related paper and those that do? From my research a lot of them have this nasty anchor around their necks that they haven't marked to market yet... ReplyThe Top Dividend Paying ETFs and Stocks [view article]
for Frank Li, Dividend stocks are a great way to make aliving especially for those of us who are retired. I have been
investing in dividend stocks for 52 years and have no regrets.
I retired at 44 (23 years ago) and make a 6 figure income, which
is really what you want and need when you retire. Reply
Prepare Yourself To Buy Financials [view article]
So which banks do you favor now? ReplyEditors
General Discussion on FCF
Is this a buy or a sell? ReplyPrepare Yourself To Buy Financials [view article]
A what about Corus Bankshares CORS seekingalpha.com/symbo... Reply