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Strategies & Market Trends : BAK - Investing

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To: hdl who wrote (2656)	5/15/2012 7:01:04 AM
From: normlasky	1 Recommendation of 3249

Re: JPM "so total column on far right delinquencies over 3% for almost 4 years. it is down from its highs. a load of the delinquencies over past 4 years were written off. this is analogous to having lower unemployment rate because people have left the labor market - but, statistically much more significant." What's significant is delinquencies less nonaccruing loans. The trend in this area has been obvious. I've been following several large regional banks (usb, bbt, sti pnc). Their 30-89 day delinquencies last qtr. were at record lows or close to it. Their 90 day plus delinquencies are also near record low levels. Pnc loan loss provision has already normalized - if fact some could argue it is below a normalized level. Usb, bbt and sti provisions are still well above their normalized levels - by year end I expect their provisions to in the 70 bsp range (annualized).

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