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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Jurgis Bekepuris who wrote (49529)	9/26/2012 12:54:22 AM
From: ValueGuy	Read Replies (1) \| Respond to of 78748

Question is...who does! I'm extremely nervous when it comes to trying to value a bank, especially if they're neck deep in exotic trades that even their senior management are not aware of! However, in saying that, I do like JPM though, purely because Jamie Dimon is there. It was a great buying opportunity when losses from the London Whale were revealed Have you looked at banks from other countries at all? Barclays was a great buying opp when the libor scandal broke out. My personal favourite is Standard Chartered. Again, this is not based on any in-depth analysis, but I like their model and most of their business is in emerging markets. You can definitely see their influence there by the number of branches they have (eg Malaysia and Singapore - though one would argue that these two markets are hardly epitomes of the modern financial system! Maybe Singapore...). I believe C also has a sizeable chunk of its business in emerging markets so great prospects there if you are a believer in the emerging economies producing a large number of middle income earners in the next few years For US banks, the impression I get is that State Street and Northern Trust are the 'safer' banks, as they are the 'traditional' custodian type banks. Their fund administration business is great as well (based on what I've seen from my external auditing days). I also like the look of Canadian banks such as TD and BMO. Purely from a divi growth perspective Canadian banks would have been great investments in the past couple of years, though I'm not so sure now if they're not overvalued due to the perception that they are 'safer' compared to American banks?