SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Banks--- Betting on the recovery
WFC 86.27+0.1%Nov 12 3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Road Walker who wrote (668)10/12/2009 11:32:36 AM
From: tejek1 Recommendation   of 1428
 
I like banks because they're getting core deposit inflows from saving, checking, and money-market accounts for the first time in decades, instead of noncore deposits such as certificates of deposit. Core accounts cost banks very little to operate. Until recently banks were in an interest rate war. Weaker banks gathered the bulk of deposits by offering higher yields on certificates of deposit. That forced other banks to match those rates, cutting into profits.

This is why I like banks. I think if they start reporting decent earnings this quarter, they will pop and hard. They have hardly moved in the last three months waiting to see how this quarter will look. I own BAC, C and HSBN.......mostly in my IRA.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News