Fliujniligui

Big Surprise: Most Big Banks Lack Capital

I saw somewhere that this took June 2009 balance sheets. DB with its 1.3 billions Earning should have boosted its ratio near 7% now. And others have mostly earned cash during this time. I think what is to be done is to say Okay, old system do not work well. In 2015 you need more than 8% Tier 1 calculated upon new norms and reporting during 2009-2015 will include ratios on old and new system.

Where's the Outrage at the Banks?

I always tought that we are free and responsible. We have the choice to own the bank, home or both. And we have the responsibility to stay solvent in doing whatever we do. With this, I think the winner is always the bank, not the guy who is stimulated by the bank and social pressure to buy home. So I freely and responsibly endorse being a shareholder in bank. This way, I do not complain, nor do I suffer. I just have a small kick beside my job income.

Which Banks Are More Risky, The Largest EU or U.S. Banks?

NBG and Deutsche Bank seem to be among biggest bargains, fat growth plays and required little or no government help.

Are Citi, Bank of America Pushing Prices Up?

I buy Allied Irish Banks. No securitization there, they issue a loan with the idea of holding it to maturity. Way more sane, even if there are bad loans there, the problem is much more manageable and less shadowed.

Tangible Common Equity: How Much Is Enough?

Well, I wonder if we should use the ratio of Tangible Common Equity / Risk Weighted Assets instead of TCE/Total Assets. If a Bank has a mega huge balance sheet such as Deutsche Bank but very much lower risk weighted assets, must we consider that such bank must hold TCE to cover for losses on its riskless assets (Treasuries as an example). Doing this ratio would possibly allow for a better comparison to take into account not only TCE but also the business profile of a financial company trough the risk associated to its balance sheet. For TCE, I found that Allied Irish Banks is a killer on this aspect, even if its getting so broomed by the market participants.

Foreign Bank Stocks: Irish, British Lead a Sea of Red

Would need an article to review the Irish Banks. Bargains vs Nationalization traps ?

Rating the Top 12 U.S. Banks - From Hidden Gems to Zombies

Could you give your opinion on M&T Bank to complete? Great analysis.

Thanks

Nationalizing the U.S. Banking Sector: There's No Choice

Ireland did a good move in pushing for the stability of its banking system. This one is possibly not as rotten as USA's one but it did a good wrap up of the situation and then took action to pare weaknesses which were assessed. The stress testing in USA is akin to what Ireland did on its 2 banks who had a fighting chance by themselves. Everyone will benefit from this : society, banks, government and shareholders.

Time to Buy Bank Stocks

Bah

I am not very impressed by this article. Why not buy ICICI Bank directly. Read "Boomers, your crisis has come". India and China are not at the same stage as USA in their cycles. They are probably in the high zone right now, with everyone moving forward and raging trough unprecented opportunity for growth and development. Why try to stick with American banks whose share price seems low but quality seems to justify the situation ?

If you want to play low price with not too bad quality, try Allied Irish Banks. If you want a bank as big as BAC but who did not need government help and managed trough crisis unscathed and growing in Good Banking Business (Read buying Deutsche Postbank) and whose share price still plummetted 80% off highs, try Deutsche Bank. If you want a p/e around 8 in banking activities with a sustainable dividend of about 6% right now, look north, Canada is just there, with a debt load and budget deficit who will prevent your Canadian dollar dividend to lose value... This is Toronto Dominion Bank. No housing boom in most of Canada, no subprime mess at TD and core tier-1 at 9%. (USD may stand still or go down in the very long term)

You like insurance companies ? Try MFC, a losing AAA company for last quarter, but soundly managed and capitalized. It is suffering a normal downturn like in a classical recession. Its business viability is not called into question, and this is a reason why my wage insurance policy is with them.

Right now, Americans will drive a great benefit to hold assets in solvent countries with less bad fundamentals than what is offered in USA. Europe, Emerging and Canada are the place to protect yourself from fed's reckless dollar printing.
Why

If you really want to stick with US Financials

The Dow's Lost Decade

I forgot to talk about CSCO but this one is a fat pick too.

Finding Relative Value in Financial Services

I like DB and I bottom fish it. They dodge the mess pretty well, have good capital and even lead the efforts to avert the crisis.

The Dow's Lost Decade

I agree with that, but buying AAPL and GOOG now at the big price. As you say, investor having bought those is happy now. Holding to current positions in this stocks seems to me a good option, but it must be supplemented by a value-tech investing strategy. AAPL and GOOG will work with an Intel processor and a video card (NVDA). Earnings from INTC and NVDA along with their P/E and their technological leadership are on the raising side while the share price is on the decline side. I think we are now in the presence of a lifetime opportunity to load on these stocks as their price goes down.