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Started By
Message
Fed flags Morgan Stanley, Deutsche, Santander in stress tests; 30 other banks OK
Posted on 6/29/16 at 4:12 pm
Posted on 6/29/16 at 4:12 pm
LINK
Time to put a little more air in this bubble.
Futures already up another 100pts from close
Time to put a little more air in this bubble.
Futures already up another 100pts from close
quote:
The Fed announced that it did not object to the capital plans of firms including Ally Financial, American Express, BancWest, Bank of America, BMO Financial, BB&T Corp., BBVA Compass Bancshares, the Bank of New York Mellon Corp., Capital One, Citigroup, Citizens Financial, Comerica, Discover Financial, Fifth Third Bancorp, Goldman Sachs, HSBC North America Holdings, Huntington Bancshares, JPMorgan Chase, Keycorp, M&T Bank, MUFG Americas Holding Corp., Northern Trust, PNC Financial Services, Regions Financial, State Street, SunTrust, TD Group US Holdings, U.S. Bancorp, Wells Fargo and Zions.
4
Posted on 6/29/16 at 4:37 pm to TigerDeBaiter
haha i really dont know why everyone says we're in a bubble. Our market is priced very fairly for where interest rates are. The SPY yield exceeds the 10 year, and the forward earnings on the SPY isn't that bad. When rates go up, stocks need to go down but rates aren't going up anytime soon
Posted on 6/29/16 at 5:36 pm to TigerDeBaiter
Bank of America finally passed the stress test after failing it the first two times.
Within minutes of the Fed's announcement, the CEO of BAC announced the bank is raising its dividend (the first time since the 2008/2009 financial mess) 50% and also beginning a $5 billion stock buy back.
BAC's stock price is up about 5% from where it opened this morning.
Within minutes of the Fed's announcement, the CEO of BAC announced the bank is raising its dividend (the first time since the 2008/2009 financial mess) 50% and also beginning a $5 billion stock buy back.
BAC's stock price is up about 5% from where it opened this morning.
Posted on 6/29/16 at 7:34 pm to dabigfella
Record corporate buybacks, dwindling earnings- which are their own problem (non-GAAP "creativity"), all built in a zero rate environment. Call it what you want, but that's a bubble IMO.
Posted on 6/30/16 at 7:34 am to TigerDeBaiter
C is priced below its tangible book value, how is that a bubble? If anything buybacks are the responsible thing to do for them.
Posted on 6/30/16 at 11:10 am to TigerDeBaiter
Did Yellen really say this - this week?
Getting this 2nd hand. Can't find a good source.
quote:
Also in Yellen's own words: Caution equities are Significantly expensive and overvalued. By some metrics, more so than in 2008 preceding the Great Recession.
Getting this 2nd hand. Can't find a good source.
This post was edited on 6/30/16 at 11:11 am
Posted on 6/30/16 at 11:25 am to LSU1NSEC
Where did that info come from? I seriously doubt Yellen said that even if she believed it, she seems to be very cautious with her words knowing that the markets are listening to her.
Not to mention there is proof of that statement being false otherwise
Not to mention there is proof of that statement being false otherwise
Posted on 6/30/16 at 1:22 pm to LSU1NSEC
quote:
Did Yellen really say this - this week?
quote:
Also in Yellen's own words: Caution equities are Significantly expensive and overvalued. By some metrics, more so than in 2008 preceding the Great Recession.
quote:No, she didn't. Not recently, at least. She something about the stock market being overvalued over a year ago.
Getting this 2nd hand. Can't find a good source.
Last week in her testimony to congress she was asked "whether the U.S. central bank's monetary policy is tied to boosting Wall Street's equity values."
Her answer was, "We do not target the level of stock prices," she said. "That is not an appropriate thing to do." LINK
For you to post this now tells me you're probably shorting the market....
Posted on 6/30/16 at 1:30 pm to LSURussian
quote:
No, she didn't. Not recently, at least. She something about the stock market being overvalued over a year ago.
Not that what she says means a damn, but just curious..
Are you saying; she recently stated that the market was overvalued a year ago (but not now), or a year ago she said that market was overvalued (at that time).
Either way, fundamentals have gotten worse from a year ago.
Posted on 7/1/16 at 8:22 am to TigerDeBaiter
Anyone buying RF as a long term hold?
Posted on 7/1/16 at 8:52 am to dirtsandwich
Not here. Only bank I'd buy personally is JPM.
I'm not a fan of bank stocks though. Much better places to park money IMO.
I'm not a fan of bank stocks though. Much better places to park money IMO.
Posted on 7/1/16 at 9:33 am to TigerDeBaiter
Bank's I'm currently holding are WFC, JPM, RF, and UBS.
My position on Regions and UBS is only because I was able to get them reaaaal cheap last week. I will probably hold onto RF a little longer than UBS, but RF stability with O&G makes me real nervous with it.
My position on Regions and UBS is only because I was able to get them reaaaal cheap last week. I will probably hold onto RF a little longer than UBS, but RF stability with O&G makes me real nervous with it.
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