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ECWD

ECWD
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  • "The banks will not get this country in trouble, I guarantee it," says major bank investor Warren Buffett. "The capital ratios are huge, the excesses on the asset side have been largely cleared out," he adds, seemingly making more of a case for the debt and the preferred, rather than the common equity. He's in no hurry to convert his Bank of America (BAC) preferred and says if the bank wants to call it, it's free to do so. [View news story]
    Thanks, not interested. Besides it is too long a bio, and not in the financial area.
    Jan 10, 2013. 04:33 PM | Likes Like |Link to Comment
  • "The banks will not get this country in trouble, I guarantee it," says major bank investor Warren Buffett. "The capital ratios are huge, the excesses on the asset side have been largely cleared out," he adds, seemingly making more of a case for the debt and the preferred, rather than the common equity. He's in no hurry to convert his Bank of America (BAC) preferred and says if the bank wants to call it, it's free to do so. [View news story]
    I am stating the obvious, but financials are just about a no brainer. As the economy strengthens, the banks will earn more profits, and the
    ETF's will shoot off the map. Warren's comment is encouraging, as I see it; for the economy moving forward. 2013 will be a very good
    year for the banks, and other financials. Buy the banks! HAPPY NEW YEAR!
    Jan 10, 2013. 04:32 PM | 1 Like Like |Link to Comment
  • Bank profits reached a 6-year high of $37.6B in Q3, according to the FDIC, but for the first time since the crisis, the better earnings were more about operations and less about reduced loan-loss reserves (chart). [View news story]
    Banks are being allowed to recapitalize, put aside funds for reserve now highest in history. Similar to the Saving&Loan situation in the 1980's. The economy can not progress without the financial, banks
    doing well. When they are allowed to lend, without all the restrictions, they will do very well. Hold on, dollar down, take profit, reinvest. YOU WILL BE GLAD YOU DID.
    Dec 4, 2012. 02:28 PM | Likes Like |Link to Comment
  • Notable earnings before Monday’s open: C, GCI [View news story]
    Don
    In that you have a back ground in finance and the market, please
    give us your thoughts on: EOY DOW, economy growth and bank in general, etc. I trade FAS and have done fairly well.
    Oct 15, 2012. 02:01 PM | Likes Like |Link to Comment
  • U.S. banks catch an upgrade to Overweight from Credit Suisse, which believes loan growth and asset quality are about to "surprise on the upside." Analysts also contend banks are a leveraged play on the cost of debt and investment grade spreads - which seem too high in the U.S. (huh?) - falling. Among specific picks: JPM, HBAC. [View news story]
    I this Credit Suisse is correct. When banks are allowed to lend and
    the credit rules are not as tight, the bank stock will surge upward.
    Business can not function without lending, insurance, investments.
    Banks will come back in a big way. Not sure when, however, as
    economy strengthens, so will the banks. FAS is the best way to
    recover, more quickly. I trade FAS, up and down and down and up,
    2 years made 100%+ each year, 3rd year, not so well, trades of 12%, 17%
    and 27%, BUT I still have until 12/31. Also, I think there is a correction coming prior to end of the year. GOOD TRADING. Give me your thoughts!
    Gbwy
    Oct 2, 2012. 10:24 PM | Likes Like |Link to Comment
  • "They can't get rid of this rule fast enough," says a bank analyst of the FASB's progress toward eliminating the debt valuation adjustment (DVA) from bank earnings. The rule - which perversely adds to earnings as a bank's credit deteriorates (and subtracts from the bottom line as credit improves) - has been behind big whipsaws in reported numbers in recent quarters (Q3 will be no exception). "(It's) one of the more ridiculous concepts that's ever been invented in accounting," says Jamie Dimon. [View news story]
    DVA seem not to be logical. How does it work? It seems to be
    in reverse.
    Oct 1, 2012. 11:47 AM | Likes Like |Link to Comment
  • Bank Of America Prepping To Move Higher [View article]
    The economy can not move up without the banks, as we all know.
    So, if we can hold on, as I have done, going on 4 years, we should
    be well rewarded. I have traded, held and watched FAS, and done
    fairly well.
    Sep 11, 2012. 04:07 AM | Likes Like |Link to Comment
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