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Assuming intrest rates are going to increase no later than sept...

Posted on 5/24/16 at 8:12 am
Posted by Fat Tire
Baton Rouge
Member since May 2007
438 posts
Posted on 5/24/16 at 8:12 am
would now be the time to buy bank stocks?

Looking at WFC and IBKC specifically.

Posted by GenesChin
The Promise Land
Member since Feb 2012
37706 posts
Posted on 5/24/16 at 8:21 am to
quote:

WFC


Considering they have the largest mortgage portfolio of the major banks, or at least used to, I would ensure they are properly hedged against interest rate changes.

Otherwise their assets are about to tank
Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 5/24/16 at 9:44 am to
Warren Buffett says Wells Fargo is the best managed U.S. bank. Berkshire owns a significant number of shares in it. (Full disclosure: I don't own any shares of WFC.)

As an alternative if you're 'betting' on rising rates, you might buy a bank ETF and diversify your risk just a bit.

KBE buys S&P 500 banks.
Posted by Fat Tire
Baton Rouge
Member since May 2007
438 posts
Posted on 5/24/16 at 10:21 am to
thanks russian
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