Started By
Message

Western Alliance Bank

Posted on 3/13/23 at 9:26 am
Posted by shadyshane1986
West Monroe
Member since Jul 2014
351 posts
Posted on 3/13/23 at 9:26 am
Surprised no topic on this yet.. Down 84 percent right now… How, have they not collapse yet?
Posted by DabosDynasty
Member since Apr 2017
5179 posts
Posted on 3/13/23 at 9:28 am to
First republic now halted down 75%
Posted by Scruffy
Kansas City
Member since Jul 2011
72128 posts
Posted on 3/13/23 at 9:32 am to
Well, frick.

This is getting interesting.

First Horizon (my bank) down 22%.
This post was edited on 3/13/23 at 9:35 am
Posted by catfish 62
Atlanta
Member since Mar 2010
4913 posts
Posted on 3/13/23 at 9:35 am to
Looks like they will be testing out the Feds new borrowing program
Posted by Douglas Quaid
Mars
Member since Mar 2010
4098 posts
Posted on 3/13/23 at 9:36 am to
quote:

Looks like they will be testing out the Feds new borrowing program



Posted by Stingray
Shreveport
Member since Sep 2007
12420 posts
Posted on 3/13/23 at 9:37 am to
Investors in banks know they will not be covered?
Posted by shadyshane1986
West Monroe
Member since Jul 2014
351 posts
Posted on 3/13/23 at 9:37 am to
Looks like you are right.. You can add the following with them.. FRC, MCB, PACW, CUBI, and CMA. All of them is down close to 50% or more
Posted by thegreatboudini
Member since Oct 2008
6453 posts
Posted on 3/13/23 at 9:41 am to
The halts are incredible.

This has to be the start to something.
Posted by Im4datigers
Northern Virginia
Member since Oct 2003
4465 posts
Posted on 3/13/23 at 9:45 am to
Huuuuuge over reaction. Better buy these stock while they are dirt cheap.
Posted by SquatchDawg
Cohutta Wilderness
Member since Sep 2012
14209 posts
Posted on 3/13/23 at 9:45 am to
If you have the brains to figure out which of these regionals are financially stable you could make bank in this environment.
Posted by AkronTiger
Rubber City
Member since May 2021
1477 posts
Posted on 3/13/23 at 9:48 am to
quote:

If you have the brains to figure out which of these regionals are financially stable you could make bank in this environment.
Posted by catfish 62
Atlanta
Member since Mar 2010
4913 posts
Posted on 3/13/23 at 9:52 am to
Frc in my opinion for one.

Are they just gonna let every bank that funds the venture industry fail?

So the response to liquidity and concentration issues is for every startup / VC backed company to all goto JPM, creating…..industry concentration?
Posted by NewIberiaHaircut
Lafayette
Member since May 2013
11559 posts
Posted on 3/13/23 at 9:53 am to
quote:

First Horizon (my bank) down 22%


Baw, they have been horrible since they took over IberiaBank. I moved my money with the quickness out of that mess.
Posted by LSUnation78
Northshore
Member since Aug 2012
12072 posts
Posted on 3/13/23 at 9:56 am to
How do we know which are gems and which are carp
Posted by DabosDynasty
Member since Apr 2017
5179 posts
Posted on 3/13/23 at 9:57 am to
Not critiquing you, just went and checked my etrade myself to discover FRC has a -27.4% operating cash yield. Industry avg is +48.7%
Posted by LSUnation78
Northshore
Member since Aug 2012
12072 posts
Posted on 3/13/23 at 9:57 am to
The brains, or the detailed information.

Posted by IT_Dawg
Georgia
Member since Oct 2012
21805 posts
Posted on 3/13/23 at 9:57 am to
Schwab is definitely a buy IMO. Not only are they going to post YoY growth in Q1, they are not as heavily leveraged on HTMs like SVB and others.

Citibank and GS have both moved them to a buy with a target of $75, 50% above the current price, $49.50
Posted by eng08
Member since Jan 2013
5997 posts
Posted on 3/13/23 at 9:59 am to
Got my puts in for KRE
Posted by bayoubengals88
LA
Member since Sep 2007
18936 posts
Posted on 3/13/23 at 10:04 am to
NYCB for a longer term value play
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
51648 posts
Posted on 3/13/23 at 10:15 am to
quote:

The halts are incredible.

This has to be the start to something.


I think it's from traders sitting on the sidelines all weekend, chomping at the bit to short anything in site but especially banks.
first pageprev pagePage 1 of 2Next pagelast page

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram