|
Joined: Oct 2010
Posts: 7,687
Campfire Outfitter
|
Campfire Outfitter
Joined: Oct 2010
Posts: 7,687 |
Everything but HBAN. It closed down so probably should have sold just after open, but I am confident they'll be fine.
|
|
|
|
Joined: Jan 2010
Posts: 32,130
Campfire 'Bwana
|
OP
Campfire 'Bwana
Joined: Jan 2010
Posts: 32,130 |
I sold UTWO into the hysteria yesterday and should have bought regional banks, but hadn't done my research. There's really no excuse, I had all weekend... LOL.
I hope you killed it!
If you put Taco Bell sauce in your ramen noodles it tastes just like poverty
|
|
|
|
Joined: Apr 2017
Posts: 3,256
Campfire Tracker
|
Campfire Tracker
Joined: Apr 2017
Posts: 3,256 |
Yesterday's Dead Cat Bounce will be BLOODY today.
Last edited by Sasha_and_Abby; 03/15/23.
"If there are no dogs in Heaven, then when I die, I want to go where they went" Will Rogers
|
|
|
|
Joined: May 2015
Posts: 2,109
Campfire Regular
|
Campfire Regular
Joined: May 2015
Posts: 2,109 |
Also HBAN but it is stuck down. Odd, since their balance sheet actually looks pretty good and they’ve historically been able to avoid exposure to crashes. Are you comparing net loans to cash? Their exposure to Treasury securities went from 5 million in 2021 to 103 million in 2022. I've never really looked under the hood in this sector, what would you call a good balance sheet in today's environment?
@jameslavish
If you work 40 hrs/wk: at 5% inflation and after 5 years, you need a 28% pay raise or to work 44 more hours (*one full extra week* per month+) to make up the difference.
This is inflation
|
|
|
|
Joined: May 2011
Posts: 1,554
Campfire Regular
|
Campfire Regular
Joined: May 2011
Posts: 1,554 |
Been trading them last 3 days. No way I would " invest " in any right here, I don't think the old long term, brain dead mantra of " buy and hold " will suit folks well at this juncture. Not in financials, We are in a little bit of a pickle...some dang good money to be made trading though.
Cowardice is the greatest pandemic that has ever affected mankind.
|
|
|
|
Joined: Oct 2010
Posts: 7,687
Campfire Outfitter
|
Campfire Outfitter
Joined: Oct 2010
Posts: 7,687 |
Are you comparing net loans to cash? I am looking at the below primarily, which just the percentage their hold to maturity securities have fallen. But their loan to deposit ratio is not bad either, and those loans aren't focused on one sector like a lot of the specialty banks are/were. But of course I bought some SCHW....
|
|
|
|
Joined: Jan 2010
Posts: 32,130
Campfire 'Bwana
|
OP
Campfire 'Bwana
Joined: Jan 2010
Posts: 32,130 |
Look at B of A.
$108.5 Billion loss at market value.
What date are these stats calculated from? Feb.?
If you put Taco Bell sauce in your ramen noodles it tastes just like poverty
|
|
|
|
Joined: May 2015
Posts: 2,109
Campfire Regular
|
Campfire Regular
Joined: May 2015
Posts: 2,109 |
Thanks Stick. I don’t trade much, but probably time to start looking for deals.
@jameslavish
If you work 40 hrs/wk: at 5% inflation and after 5 years, you need a 28% pay raise or to work 44 more hours (*one full extra week* per month+) to make up the difference.
This is inflation
|
|
|
|
Joined: Mar 2010
Posts: 24,232
Campfire Ranger
|
Campfire Ranger
Joined: Mar 2010
Posts: 24,232 |
I bought FRC not long after open yesterday and am up over 40%. SCHW also but it is back only 10%.
Also HBAN but it is stuck down. Odd, since their balance sheet actually looks pretty good and they’ve historically been able to avoid exposure to crashes. yep, its a schitshow now bought frc at average of 21 the other day. bought some CS this morning at 1.82 big gamble obviously they'll get bailed out again. Have stop orders in place obviously energy is starting to look attractive. dly, dsl are a buy I think too
Last edited by ribka; 03/15/23.
|
|
|
|
Joined: Oct 2010
Posts: 7,687
Campfire Outfitter
|
Campfire Outfitter
Joined: Oct 2010
Posts: 7,687 |
What date are these stats calculated from? Feb.? The end of February is my understanding. It is good to know but only a partial picture. Schwab, for example, is mostly a brokerage and is definitely in the “too big to fail” category, especially now. And they have ~$100BB in cash. Huntington is in good shape here, and their deposit base is really diverse. Both seem well insulated against any run that could reasonably happen.
|
|
|
|
Joined: Jan 2010
Posts: 32,130
Campfire 'Bwana
|
OP
Campfire 'Bwana
Joined: Jan 2010
Posts: 32,130 |
I'd love to see what that spreadsheet looks like today.
If you put Taco Bell sauce in your ramen noodles it tastes just like poverty
|
|
|
|
Joined: Jan 2010
Posts: 32,130
Campfire 'Bwana
|
OP
Campfire 'Bwana
Joined: Jan 2010
Posts: 32,130 |
What date are these stats calculated from? Feb.? The end of February is my understanding. It is good to know but only a partial picture. Schwab, for example, is mostly a brokerage and is definitely in the “too big to fail” category, especially now. And they have ~$100BB in cash. Huntington is in good shape here, and their deposit base is really diverse. Both seem well insulated against any run that could reasonably happen. Regarding SCHW, how much of that has to do with their brokerage business?
If you put Taco Bell sauce in your ramen noodles it tastes just like poverty
|
|
|
|
Joined: May 2004
Posts: 5,199
Campfire Tracker
|
Campfire Tracker
Joined: May 2004
Posts: 5,199 |
I had JPM and sold it 6 months ago. I had FNCL ( Fidelity Financial ETF) for 3 yrs and sold it a few days ago for a very respectable profit and used the money to buy Associated Bank. Monday morning I sold Ally Capital that I only had 2 months. I was up 30% but took a loss of 8%. I am looking at banks fairly soon. but I wont buy much cause my ETF's have a lot of financials in them.
But the fruits of the spirit is love, joy, peace, patience, kindness, goodness,faithfulness, Gentleness and self control. Against such things there is no law. Galations 5: 22&23
|
|
|
|
Joined: Jan 2010
Posts: 32,130
Campfire 'Bwana
|
OP
Campfire 'Bwana
Joined: Jan 2010
Posts: 32,130 |
I sold JPM too early too, but I bought it in May of 2020. I also had bought ALLY around the same time and sold it too early.
If you put Taco Bell sauce in your ramen noodles it tastes just like poverty
|
|
|
|
Joined: Jan 2010
Posts: 32,130
Campfire 'Bwana
|
OP
Campfire 'Bwana
Joined: Jan 2010
Posts: 32,130 |
I hope everyone did well today and got a piece of the bank stimulus.
If you put Taco Bell sauce in your ramen noodles it tastes just like poverty
|
|
|
|
Joined: Feb 2020
Posts: 7,203
Campfire Tracker
|
Campfire Tracker
Joined: Feb 2020
Posts: 7,203 |
Fed poised to approve quarter-point rate hike next week, despite market turmoilThe Federal Reserve likely will approve a quarter-percentage-point interest rate increase next week, according to market pricing and many Wall Street experts. A rate increase would come just over a week after other regulators rolled out an emergency lending facility to halt a crisis of confidence in the banking industry. “This might be one of those times where there’s a difference between what they should do and what I think they will do. They definitely should not tighten policy,” said Mark Zandi, chief economist at Moody’s Analytics. https://www.cnbc.com/2023/03/17/fed...ke-next-week-despite-market-turmoil.htmlAs if banks weren't already radioactive.
|
|
|
|
Joined: Jan 2010
Posts: 32,130
Campfire 'Bwana
|
OP
Campfire 'Bwana
Joined: Jan 2010
Posts: 32,130 |
Banks aren't radioactive.
If you put Taco Bell sauce in your ramen noodles it tastes just like poverty
|
|
|
|
Joined: Dec 2015
Posts: 5,529
Campfire Tracker
|
Campfire Tracker
Joined: Dec 2015
Posts: 5,529 |
Nope! Why? Stick with the big banks. I heard SVB was 20% in Crypto, not sure if this was true.
|
|
|
|
Joined: Jan 2010
Posts: 32,130
Campfire 'Bwana
|
OP
Campfire 'Bwana
Joined: Jan 2010
Posts: 32,130 |
The regionals are where the upside is. SVB was a huge outlier. The big banks would love to turn this into a catalyst for consolidation.
There's lots of noise out there.
If you put Taco Bell sauce in your ramen noodles it tastes just like poverty
|
|
|
|
Joined: Dec 2022
Posts: 38,310
Campfire 'Bwana
|
Campfire 'Bwana
Joined: Dec 2022
Posts: 38,310 |
|
|
|
|
238 members (308xray, 2ndwind, 35WhelenNut, 30Gibbs, 338Rules, 32 invisible),
2,112
guests, and
1,110
robots. |
Key:
Admin,
Global Mod,
Mod
|
|
Forums81
Topics1,191,863
Posts18,478,602
Members73,948
|
Most Online11,491 Jul 7th, 2023
|
|
|
|