I Sold These Big Bank Stocks Hand Over Fist

(15min)

Summary

  • The banking sector is facing headwinds, and the big bank stock prices are stretched.
  • While the big banks might get reserve requirement relief, that might weaken them by thinning their financial cushions.
  • I have been selling four Globally Systemically Important Bank stocks.
  • Three of these banks could be bought at lower prices, one I will stay away from, probably forever.
  • This idea was discussed in more depth with members of my private investing community, Margin of Safety Investing. Learn More »
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I manage OPM, aka other people's money, at my registered investment advisory. Each month, new accounts open, and the first thing I do is manage the risk by selling assets I do not want to hold.

In the past few

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This article was written by

27.45K Followers

Kirk Spano is the founder of Bluemound Asset Management, LLC and has managed money for a wide range of clients since 1995. His passion is helping hardworking people make more money with less risk. Kirk’s investing group Margin of Safety Investing features his stock and ETF focus lists, trade alerts, option selling for income and macro analysis. Learn more.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Related Stocks

SymbolLast Price% Chg
JPM--
JPMorgan Chase & Co.
BAC--
Bank of America Corporation
WFC--
Wells Fargo & Company
C--
Citigroup Inc.
JPM.PR.K--
JPMorgan Chase & Co. 4.55 DEP PFD JJ

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