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Are backsliding banks a sign of another pending market retreat?

BasemanBaseman Member Posts: 12,365
First Anniversary First Comment 5 Up Votes Combo Breaker
edited May 2022 in Tug Tavern
JPM drops below $100
Bank of America $25.50
Citi near $50

Either way ...

Comments

  • godawgstgodawgst Member, Swaye's Wigwam Posts: 2,405
    First Anniversary 5 Awesomes 5 Up Votes First Comment
    Swaye's Wigwam
    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 Member Posts: 26,538
    First Anniversary First Comment 5 Up Votes Combo Breaker
    Retail banking with brick and mortar branches is the most useless boomer garbage of all time.
    Seriously. Blockbuster is better.
  • doogiedoogie Member Posts: 15,072
    First Anniversary 5 Awesomes First Comment 5 Up Votes
    Retail banking is nothing but a profit drain on Money Center Banks. They would close all the branches down if they could.
  • FireCohenFireCohen Member Posts: 21,823
    First Anniversary 5 Awesomes Combo Breaker 5 Up Votes
    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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