Financials in Turmoil? Someone Forgot to Tell These Eleven Pennsylvania Banks
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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...
Financials in Turmoil? Someone Forgot to Tell These Eleven Pennsylvania Banks [View article]
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...