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Business as usual for the banks!!!

|Includes: BAC, Citigroup Inc. (C), JPM

Over the past months in my blog on I have extolled the virtues of owning shares in Citigroup, Bank of America and JP Morgan (especially buying on weakness). Now that we are on the cusp of the passing of the new US Financial Regulation, I again reiterate my "bullishness" for these three.

Let me share with you what I have been thinking and saying - "the king is dead, long live the king"!! Nothing really changes - that is the long and short of the matter. The big banks not only have the time to re-adjust, but they will be beneficiaries of the "weaknesses" of the Financial Regulation. I have read the bill and I have seen the often quoted 68 studies that are to be done before the regulators get down to any real "regulating". Unfortunately, this does not really protect the consumer but rather the other banks which deal with the banks in question.

Ultimately, with the yield curve opportunities over the past quarter and the efforts of the banks to "make hay while the sun shines", it is clear that there is the potential for some excellent earnings numbers to provide some upside surprises in the coming days.

Again, as I always say, I put my money where I believe the greatest opportunities lie and right now that is with Citigroup, Bank of America and JP Morgan shares.

Long term all are truly opportunities for many reasons:
1) Citigroup will ramp up once the government's shares are all sold (a $7 stock in my opinion)
2) Bank of American and JP Morgan as well have both been under extreme pressure with the pending Financial Regulation. As this becomes law and the clarity is evident, there will also be a relief ramp up - both are prepared and are preparing for any eventual regulatory elements which may impact their business, so with the negative already built into the current stock prices, they have a significant potential to rise.

You can read my blog on: for more detail on what I am discussing here. 

Disclosure: Long C, Long BAC, Long JPM