Seeking Alpha


Send Message
View as an RSS Feed
Latest  |  Highest rated
  • BofA, Citi, and JPMorgan are Buys on break-up potential, says MKM [View news story]
    Congress can't even fix the tax code that everyone knows is broken. No way they agree to delve into private enterprise and start breaking up global banks. Wouldn't be necessary if Glass-Stiegle was still law.
    May 21, 2014. 06:27 PM | 4 Likes Like |Link to Comment
  • Fed set to say whether approves bank plans to return money to investors [View news story]
    This is all about taking action that will drive the price up and generate better ratios. The top management of every bank has piled up huge amounts of compensation payable through stock purchases. Buy-backs will increase near term stock price and produce better earnings per share. Increased dividends will also drive up stock price. Part of the end game is also having highly valued stock for acquisitions. PE ratio of 10 and ROE of 14 is hindering acquisition activity and the larger community banks are gaining considerable market share. When the larger regionals have more valuable currency (stock) then we can expect the next wave of mergers to begin.
    Mar 26, 2014. 12:45 PM | 1 Like Like |Link to Comment