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Welcome to the Hardcore Husky Forums. Folks who are well-known in Cyberland and not that dumb.

Are backsliding banks a sign of another pending market retreat?

BasemanBaseman Posts: 9,832
Swaye's Wigwam 10,000 Awesomes 5,000 Up Votes 5000 Comments
JPM drops below $100
Bank of America $25.50
Citi near $50

Either way ...

Comments

  • godawgstgodawgst Posts: 1,369
    Swaye's Wigwam 1,500 Up Votes 250 Answers Fifth Anniversary
    Until interest rates climb, the banks will be dead money.

    The big 4 (Wells Fargo included) are in a much much better place than they were 12 years ago where there was a very real chance Citi and BOA could have gone under b/c of the housing crises.

    Say what you will about Big Brother Govt, but the yearly stress tests they do on the top 25 banks in the country are a very smart thing.

    Stay tuned for a buy recommendation coming from the Bull about one of the banks.......
  • Pitchfork51Pitchfork51 Posts: 19,287
    10,000 Up Votes 10,000 Awesomes 10000 Comments 250 Answers
    Retail banking with brick and mortar branches is the most useless boomer garbage of all time.
    Seriously. Blockbuster is better.
  • doogiedoogie Posts: 8,599
    5,000 Awesomes 2,500 Up Votes 5000 Comments 250 Answers
    Retail banking is nothing but a profit drain on Money Center Banks. They would close all the branches down if they could.
  • FireCohenFireCohen Posts: 16,392
    10,000 Awesomes 10,000 Up Votes 10000 Comments 250 Answers
    doogie said:

    Retail banking is nothing but a profit drain on Money Center Banks. They would close all the branches down if they could.

    In the next 20 years they will
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