Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

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Oct 31 5:00 PM EST

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To: GROUND ZERO™ who wrote (43998)	1/17/2013 12:11:09 PM
From: Keith Feral	Read Replies (1) of 218287

Usually makes sense to dump banks after earnings for a couple of weeks. After the big run up the past couple of weeks, it makes even more sense to take profits off the table. I think expectations will be coming down for BAC and C being able to make any sort of dividend hike this year. Doesn't mean they won't be able to announce some buybacks, but I doubt that BAC or C will be allowed to raise dividends until they show a couple quarters of earnings consistency. While that might be the case without all the charges from these 2 banks, C still has very elevated loan losses and BAC still gets stuck with billion dollar settlements. Better to let them sink back and keep playing the ranges.

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