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Bank Overdraft Fees - WFC, BAC, C, JPM, SKF

|Includes: BAC, C, JPM, Wells Fargo & Co. (WFC)

Sometimes things happen that make complete sense.  I am often surprised when this happens within the confines of Politics.  This time, the right thing was done.

I wrote a piece on Overdraft fees about a year ago.  You can find it through my Seeking Alpha Archives.  In the early part of 2009, I was asked by a client to write a letter to Senator Dodd.  My client handed him the letter personally.  Its subject was predatory banking.  Apparently, we got through...

The changes that are taking place right now will deplete the net earnings of all of the major banks in the United States.  That means, to name a few, WFC, BAC, C, JPM, and the like.

Buy SKF.

Clients are welcome to read my research reports.

Good Trading.

THK.

Disclosure:  SKF has been recommended to all clients of Stock Traders Daily already.  Defined plans have been provided.