Anyone looking at bank stocks?

[JBinKC]

I always look for financials but all I have been really been looking at is overseas banks with no exposure to the US . I also own some CSH which is technically run like a bank but it is collateralized at 10 cents on the dollar and has really shown some good profit numbers.


Lets take JPM who just reported 54 cents you are still paying a fairly high multiple on those annualized earnings. At least more than I am willing to pay.

Another thing why did WFC raise the dividend? I would think buying back stock unannounced at a stink price on the open market would have done much more good for the company in the long term?

What this has done is hopefully change the overall sentiment in the market. It needs it bad.

[aida2003]

Darn. BoA shot up $4.15 today. I've been watching it and just hadn't taken the plunge. Hate when that happens.

I'm positive you'll see better buys for this stock. When oil shoots up, check BAC again. I think fall could be a good time to look at BAC when they announce a dividend cut. ...I'm just making a noise, BTW.

[Snave]

I bought a couple regional banks in the midwest a few months ago. One is down significantly (50%) from where I bought it (which was already down 35% from the high for the year) and I am considering more. The other was off the highby 35% and it has remained flat. If they don't fail, they will be the first to go up significantly. The problem is just timing them. They were all big this week!