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  • Why I Don't Agree With The Recent Downgrade Of Huntington Bancshares [View article]
    HBAN and Mejiers? A merger of two donkeys does not make a lion. Grocery store branches should not be confused with real branches or anything that resembles a bank. A store branch is a sophisticated ATM and a deposit gatherer. HBAN is not lending those out at meaningful spreads, and still has a credit quality problem. Do some real investigation and look at the mortgage loan, private student loan and auto portfolios.
    A rising tide will bring this stock up marginally.
    Jun 7 07:56 AM | Likes Like |Link to Comment
  • Citigroup Worth At Least $145 Per Share Over Next Cycle [View article]
    Citi is such a pitiful mess (a reverse 10 for 1 split to avoid being delisted?) you have to be terribly desperate to invest in this. With the stock selling at extremely depressed pricing, there is a chance of a small rebound, but junk is junk. Find a company that has a clue how to run their business.
    Apr 24 06:29 PM | Likes Like |Link to Comment
  • Fidelity Bank of Dearborn, Michigan is the 16th U.S. bank to fail this year. Huntington National Bank, a part of Huntington Bancshares (HBAN) will buy the $818.2M in assets and assume the $747.6M in deposits at Fidelity's 15 branches. The cost to the FDIC's deposit-insurance fund is $92.8M . Fidelity is Michigan's first failed bank of the year.  [View news story]
    I'm a retired career banker in Ohio where Huntington is headquartered. Huntington taking over a failed bank is the blind leading the blind. I have no doubt Huntington will find a way to screw this up too. Where are the great business practices, financial ratios or track record that warrants this?
    Mar 31 07:43 AM | Likes Like |Link to Comment