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- U.S. Bank Dividend Yields Revisited [view article]
- JP Morgan Offer for Wachovia Makes Sense [view article]
- Subprime Not Over For Banks [Housing Tracker [view article]
- Doo-Doo Bank Drill Down, Part 3: Sun Trust Bank [view article]
- New Lender Guidelines To Help Struggling Homeowners [view article]
- Goldman Sachs Raids the Cookie Jar [view article]
- Moody’s: Some US Banks Still May Be Undercapitalized [view article]
- Research Zeitgeist: Bank Capitalization Concerns Heat Up [view article]
- These 32 Commercial Banks and Thrifts May See the Dung Hit the Fan [view article]
- Wall Street Breakfast: Must-Know News [view article]
- More on HELOCs, Second Liens and Rose Colored Glasses [view article]
- Big Ben's Credit Card Moves: The Good, the Bad and the Ugly [view article]
loading ...Recent STI Articles
- U.S. Bank Dividend Yields Revisited
- Subprime Not Over For Banks [Housing Tracker
- JP Morgan Offer for Wachovia Makes Sense
- New Lender Guidelines To Help Struggling Homeowners
- Goldman Sachs Raids the Cookie Jar
- Research Zeitgeist: Bank Capitalization Concerns Heat Up
- Doo-Doo Bank Drill Down, Part 3: Sun Trust Bank
- Moody’s: Some US Banks Still May Be Undercapitalized
- More on HELOCs, Second Liens and Rose Colored Glasses
- These 32 Commercial Banks and Thrifts May See the Dung Hit the Fan
- Full List of Articles »
U.S. Bank Dividend Yields Revisited [view article]
I think finanical sector is still not out of woods even after 340 billion dollar worth of writeoffs and around a trillion dollar wipped out of the market capitalization of this sector. There are number of reasons for that1) Securtization cycle is completely broken off, most of the big investment bank/brokers earned a third of the earnings from this. And i don't see this returning back anytime soon.
2) Regional banks still have to recognize all the losses on the loans that are still on their balance sheets and not yet securitized.
3) All the recently raised capital(convertibles/p... Debt) will have a highly dilutive impact on the number of shares outstanding 3-5 years down the road.
4)Banks/Brokerage houses has yet to recognize the losses/reduced earnings due to general economic slowdown
So any recovery before 2010 is highly unlikely for financial sector.
i look forward to the Comments/suggestions from fellow alpha seekers. Reply
U.S. Bank Dividend Yields Revisited [view article]
winslow, obama? government? not that hillary or john are any better. looks like the choices were larry moe and curly, or the facist the socialist or the communist. the gov has done well with: our currency? socialist security? education? infrastructure? defense? healthcare?...... maybe if they were chained as intended by our constitution and concentrated on what tiny amounts of legal authority the fedaralis are allowed we would not be in this mess. please do not whine about an organic constitution. it was written in the simple plain language of the day for all to understand. ReplyU.S. Bank Dividend Yields Revisited [view article]
i owned about 8500 shares of regions at the time of the amsouth buyout. luckily circumstances caused me to sell off 7000 shares to buy bhp,ngs,trma,silxf, and io. also to pay off a new home purchase. i sold the old home right after the first wave of housing trouble. i guess an angel was watching over my shoulder or lady luck was smiling. i wish i could say i had that much savvy but i was lucky. my remaining shares of regions are reinvesting. ReplyU.S. Bank Dividend Yields Revisited [view article]
Anonymous writer said buy banks last November. And they still publish this drivel? ReplyU.S. Bank Dividend Yields Revisited [view article]
An excfllent article in the July + August MOTHER JONES Magazine entitled "this was no accident-Wwo wrecked the economy- and why they work for John McCainThe article basically puts the blame at Phil Gramm's feet. It says that some laws he helped get passed in 1999. It was" a historic banking billthat decimated Depression-era firewalls between commercial banks , investment banks, insurance companies,and securities firms-setting off a wave of merger mania.
In Dec. 2000, he helped to get a bill passed called theCommodity Futures Modernization Act. It was written with the help of financial industry lobbiests. For starters, the legislation contained a provision-lobbied for by Enron, a generous contributor to Gramm-that exempted energy trading from regulatory oversight. I believe it also opened the door for all those Credit Defaukt Swaps that ultimately helped everything get so out of controll.
We will feel the results of this deregulation for years into the future. I've tried to give a summary of the article, but I'm afraid I haven't done it justice. Please chekc out the article for greater detail. Reply
Professor
JP Morgan Offer for Wachovia Makes Sense [view article]
Having been in many offices that did more than their fair share of PAy Options ARMS when they had no business doing them I can tell you the truth about how many of these loans are doing into default will not be held back forever. When the s*it hits the fan watch out below. ReplyJP Morgan Offer for Wachovia Makes Sense [view article]
The Fed wont move on the 10% threshold, why would they? WB shareholders would be open to $24/share if they believed Dimon would take them back to the day of $50+ but big bank mergers NEVER seem to work out the way they are presented on paper. Only way this deal gets done is at a discount price, WB sells off a lot of deposits and branches, and the integration is well planned and executed. ReplyU.S. Bank Dividend Yields Revisited [view article]
Winslow - You are absolutely correct - make sure you vote for Obama and he will make all your dreams come true except some of us may consider them nightmares.Oh yeah - gov't control is the answer for everything. Reply
JP Morgan Offer for Wachovia Makes Sense [view article]
WB/FTU has always been a strong and successful operational entity with generally good management, but its senior decision makers have regularly fallen prey to their own need to "hit a home run" and "don't miss the train" insecurities. Unfortunately, executive management long ago fully bought into the accounting treatment that allowed the immediate recognition of revenue through securitization and sale of assets. I would venture to guess that an insider had developed models to move the Golden West portfolio profitably before the GW purchase and certainly before the sub prime melt down. They forgot the lessons from "The Money Store" purchase and took confidence in the over heated collateral values of GW's "Pick-a-Pay" portfolio. Live by the sword, die by the sword (i.e., mark to market accounting). However, this illiquid market will pass and the value of the loan portfolio, while not completely, will recover. $24 bucks would be a bargain for this franchise.Regardless, WB needs a strong, independent executive that will call "bull" on short term revenue schemes and stick to the banking businesses that provide steady returns. Dimon certainly would fit that bill. Reply
U.S. Bank Dividend Yields Revisited [view article]
All of these institutions have commited a crime. The government needs to take a strong stance that nothing like this will ever happen again. Alas, we have a present administration that considers this "the normal business cycle". These financial firms are the conerstone of the US economy and we let them take all the candy in the candystore. ReplyU.S. Bank Dividend Yields Revisited [view article]
The CEO of BAC stated rather emphatically that they would not cut the dividend. And, based on this year and next year's earnings estimates there is no reason to disbelieve him.Some write downs will be write UPS next year.
And, in answer to a previous poster.... we always picked up casualties (wounded) while bullets were still flying. Reply
U.S. Bank Dividend Yields Revisited [view article]
I don't understand how upper management of most of these banks have a job. Many should have been fired months ago. ReplyU.S. Bank Dividend Yields Revisited [view article]
Previous pseudonym was 'eyes wide opened' chosen for one post many months ago. Have updated pseudonym to match that used at investorvillage.com boards. ReplyU.S. Bank Dividend Yields Revisited [view article]
I like BAC and have been considering taking a position in this beaten down financial giant. Regardless of a dividend cut or not, would consider the stock to be a great long term investement. But shorter term, related to the timing of an entry, does anyone have a concern over the POR of the bank. Yahoo shows the payout ratio as 104%. The dividend is 64 cents per quarter, and earnings.com shows earning of Q2 2007 through Q1 2008 as $1.28, .82, .05, .23. I'm wondering how much of those earnings are related to write downs that may have nothing to do with short term cash flow. Am also thinking that much of those 100% writedowns will not really be 100% losses and in the next year or two will be added back to the books. Finally, I would think that as soon as write downs are history, the earnings number will immediate rebound to a decent level. Anyone have a guess as to the likelihood of a dividend cut for BAC. It would seem that shortly after such a cut may be the best time to initiate a postition in the bank. ReplyU.S. Bank Dividend Yields Revisited [view article]
Evaluating the accuracy of the article reveals that the author's research was good and probably perfect at the time is was done. My update using, Yahoo Finaace, for, June 24, yields the following, 9 Div. Ylds. are the Same;10 Div. Ylds. are Higher; 6 Div. Ylds. are Lower. The lower yielders are, C, WB, WM, NCC, FITB, HBAN. My thanks to, The Sun and Seeking Alpha. Reply