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

SPY 691.97

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Jan 30 4:00 PM EST

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To: GROUND ZERO™ who wrote (41356)	12/5/2012 4:50:04 PM
From: Keith Feral	Read Replies (1) of 222765

tangible book value C's TBV was around $41 back in 2009, now it's closer to $49. That's a lot of excess capital that's been generated over the past 4 years. Their capital levels are way beyond anything they have ever seen before. Same with BAC for that matter. Over time, this will force the share prices of both money center banks back in line with their peers. Or JPM and WFC are going to collapse, and I don't see that happening. Banks really do make a lot of money, despite record low mortgage rates. Better to get paid on a 3% mortgage than get nothing from a 6% mortgage. Frankly, no one deserves to have to pay 6% on a 30 year mortgage.

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