District Banker

Wells Fargo, JPMorgan and Bank of America: Stock Prices Can Double

We will have to agree to disagree on this issue. But how can you have a serious discussion of bank stock valuations without a TBV figure?

What’s My Payment?

The name of the song is just "Beverly Hills." Get your Rivers Cuomo straight

M3 Funds: U.S. Banking Sector Remains Undercapitalized

At the time this idea was presented, FNB was at $9. Now it's at $7.

Thanks!


On May 08 06:07 PM sethmcs wrote:

> Funny I am up 45% on FNB and want it to go down to buy more. I feel
> the same thing about FNB that Warren Buffett feels about Wells Fargo.
> FNB is a good regional customer oriented bank. I will buy more between
> $6.50 and $7.00 for a long-term dividend investment. I am a very
> satisfied customer of this bank.

How TARP Paybacks Expose Weakest Banks

I agree with the main contention of this article - but anyone who didn't already know that BAC and C were two of (if not #1 and #2) weakest banks in the country? If you need the government to tell you which banks are (relatively) strong, and which are at risk of failure, you shouldnt be investing in the sector.

How To Buy a Bank (and Other Beaten-Down Stocks)

You really want to pay 2x TBV for HCBK, a company that generates 8% ROTE? Oh, and don't forget that over half of their 1-4 book is purchased (1/3 of which is NOT in NJ, NY, CT). Anyway, enjoy your investment in Interest-Only (they underwrite those), Low Doc/No Doc (yep, they're in those too) mortgages scattered across the country. Their 30 bps of reserves won't cover the losses, but their capital probably will.