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Bank Stocks
Posted on 4/20/20 at 3:25 pm
Posted on 4/20/20 at 3:25 pm
Trying to even out my personal portfolio and realizing I have little exposure to banks. Most are trading near 52 week lows, and I understand the reasons. Is there a preferred bank stock the MT gurus gravitate to? Any that you are bullish on long term?
I've been watching WFC and BAC closely, but realize there could be others I haven't started following. Is there a core group of banks I could analyze and decide on (ex. C, JPM, USB came up when I was doing peer comparisons for WFC and BAC).
This will be a long buy. Not looking to flip / trade them.
I've been watching WFC and BAC closely, but realize there could be others I haven't started following. Is there a core group of banks I could analyze and decide on (ex. C, JPM, USB came up when I was doing peer comparisons for WFC and BAC).
This will be a long buy. Not looking to flip / trade them.
9
Posted on 4/20/20 at 3:41 pm to skewbs
(no message)
This post was edited on 12/3/23 at 12:41 pm
Posted on 4/20/20 at 3:52 pm to skewbs
GS seems to be seen as the safest investment for the current downturn due to their reliance on trading and lack of exposure to mortgages and consumer credit.
Posted on 4/20/20 at 3:57 pm to skewbs
Wells Fargo is Buffett’s bank. If he owns it, it’s going to be a solid investment. I think Berkshire actually has more BAC than Wells now, though. Goldman is the gold standard. Any of those three are solid bank plays.
This post was edited on 4/20/20 at 3:59 pm
Posted on 4/20/20 at 3:58 pm to skewbs
Regions Financial ain’t a bad buy on the somewhat local level
Posted on 4/20/20 at 4:15 pm to go ta hell ole miss
quote:
Wells Fargo is Buffett’s bank. If he owns it, it’s going to be a solid investment.
Solid research. Want to know how I know you have zero idea what you're talking about?
Posted on 4/20/20 at 4:17 pm to skewbs
Jamie Dimon is probably the only current leader I would put my money on.
Posted on 4/20/20 at 5:16 pm to LSUTOM07
quote:
Solid research. Want to know how I know you have zero idea what you're talking about?
What is wrong about Wells Fargo being Buffett’s bank or him making solid investments? Yes, I do want to know.
This post was edited on 4/20/20 at 5:31 pm
Posted on 4/20/20 at 5:17 pm to go ta hell ole miss
quote:
What is wrong about Wells Fargo being Buffetts bank or him making solid investments?
That Buffett picked the worse performing big bank and has done absolutely horrible with Wells Fargo
Posted on 4/20/20 at 5:25 pm to Boudinbaw
quote:
That Buffett picked the worse performing big bank and has done absolutely horrible with Wells Fargo
He’s at about $10.8 billion on gains with Wells Fargo, not to mention the usual dividend. That’s horrible? What’s your long term bank investment for the OP? We’ll see if it beats Wells in the next 12 months.
This post was edited on 4/20/20 at 5:29 pm
Posted on 4/20/20 at 5:31 pm to skewbs
BancorpSouth (BXS) will bounce back.
quote:
BancorpSouth Bank Q1 EPS $0.330, Inline, Sales $244.026M Beat $243.880M Estimate
4:34 pm ET April 20, 2020
BancorpSouth Bank (NYSE:BXS) reported quarterly earnings of $0.330 per share which met the analyst consensus estimate. This is a 41.07 percent decrease over earnings of $0.560 per share from the same period last year. The company reported quarterly sales of $244.026 million which beat the analyst consensus estimate of $243.880 million by 0.06 percent. This is a 12.57 percent increase over sales of $216.774 million the same period last year.
This post was edited on 4/20/20 at 7:21 pm
Posted on 4/20/20 at 5:39 pm to go ta hell ole miss
quote:
What is wrong about Wells Fargo being Buffett’s bank or him making solid investments? Yes, I do want to know.
Saying this:
quote:
If he owns it, it’s going to be a solid investment.
This is quite a dumb statement. There are quite a few examples of him making poor investments, although his overall portfolio tends to outperform.
Posted on 4/20/20 at 5:52 pm to LSUTOM07
quote:
This is quite a dumb statement. There are quite a few examples of him making poor investments, although his overall portfolio tends to outperform.
So the saying the best long term investor in the history of investing makes solid investments means I don’t know what I am talking about and is a dumb statement. Nothing about Wells or it being Buffett’s bank either. Got it. Thanks for clarifying.
This post was edited on 4/20/20 at 5:54 pm
Posted on 4/20/20 at 6:08 pm to skewbs
Of the big banks, I own JPM and MS. Jamie Dimon is the man and I’m betting on the Etrade acquisition with MS. Also own TD.
There are a ton of regional banks with good track records of paying consistent and growing dividends - even through the financial crisis. It looks like the COVID environment will test them significantly again. Several with 20+ year track records of growing dividends and modest payout ratios:
OZK
RBCAA
SRCE
BANF
ETA: can’t forget the hometown team: CBSH. Not sexy but it’s a dividend king.
There are a ton of regional banks with good track records of paying consistent and growing dividends - even through the financial crisis. It looks like the COVID environment will test them significantly again. Several with 20+ year track records of growing dividends and modest payout ratios:
OZK
RBCAA
SRCE
BANF
ETA: can’t forget the hometown team: CBSH. Not sexy but it’s a dividend king.
This post was edited on 4/20/20 at 7:42 pm
Posted on 4/20/20 at 6:47 pm to go ta hell ole miss
I mean, Buffett really killed it on OXY too, right?
Posted on 4/20/20 at 6:57 pm to wutangfinancial
(no message)
This post was edited on 12/3/23 at 12:43 pm
Posted on 4/20/20 at 7:22 pm to go ta hell ole miss
quote:
So the saying the best long term investor in the history of investing makes solid investments means I don’t know what I am talking about and is a dumb statement. Nothing about Wells or it being Buffett’s bank either.
His overall portfolio outperforming over the long term does not equal:
quote:
If he owns it, it’s going to be a solid investment.
He has made bad investments. So if your decision to buy WFC stock is because Mr. Buffett owns shares then yes.. you have no clue what you're talking about and you probably shouldn't be giving advice on stock picking.
Posted on 4/20/20 at 7:36 pm to LSUTOM07
quote:
LSUTOM07
who shite in your sandbox?
Posted on 4/20/20 at 7:40 pm to skewbs
What bank trading desks took the other side of oil futures?
I’d read the COT for the last several years before I made a decision.
I’d read the COT for the last several years before I made a decision.
Posted on 4/20/20 at 9:55 pm to skewbs
Those are the 2 bank stocks I trade in. I also like JPM. If I had 100k, I could see buying long term in any of the 3.
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