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  • Year-End Buyouts: Big Challenges for the Big Banks [View article]
    The big banks that had to fail already did so, year 2009 will be part II of year 2008 only with one major difference, the banks that remained will start to gain market share from the ones that left.This is natural process and it takes time it doesn't mean that bank stocks will rise at all, it only means that there is place to fill the demand gap as demand for banking didn't disappear with the banks that went bust.
    This demand for banking overall will make rising revenues ( I had 4 bank accounts last year, now only 1 as I was not sure if other 3 banks will remain so this 1 bank gets 2-3 times more money from me for the services I used before with 4 banks) and even rising profits.
    I would not invest now in most banks but one I think will be taken over soon Fifth Third Bancorp (NasdaqGS: FITB) and I am watching carefully.
    Jan 04 12:03 pm |Rating: +2 0 |Link to Comment
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