|
|
08-30-2007, 05:43 PM
|
#1
|
Dryer sheet aficionado
Join Date: Aug 2007
Posts: 34
|
Bank Stocks
What is everyones opinion on bank stocks? With all the subprime fears it seams like bank stocks have been drivin down. For example one of the local banks (Huntington Bank HBAN $16.97 div $1.06) around me price has dropped now itsdividend yield is 6.2%. Key Bank (KEY) $33.22 div $1.46 yield 4.4% National City $26.55 DIV $1.64 Yield 6.1%. These are just a few. Anyone think this could be a good source of income?
|
|
|
|
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
08-30-2007, 06:56 PM
|
#2
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
|
Bank stocks in general are an amazing bargain, IMO. You can pick single names if you like, or you can just buy KRE, a regional bank ETF.
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
|
|
|
08-30-2007, 08:01 PM
|
#3
|
Recycles dryer sheets
Join Date: Jul 2007
Posts: 50
|
You may want to take a look at BTO. It's a CEF that specializes in the Banking industry. Pays a 13% Div.!!! Please do your own DD. Full disclosure, I own this CEF.
|
|
|
08-30-2007, 08:48 PM
|
#4
|
Thinks s/he gets paid by the post
Join Date: Jun 2007
Location: near Canadian border and near Mexican border
Posts: 1,142
|
Bank stocks have done well for me. Presently have KEY.
__________________
Pigs get fat, hogs get slaughtered. That's my story and I am sticking to it.
|
|
|
08-31-2007, 09:23 PM
|
#5
|
Thinks s/he gets paid by the post
Join Date: May 2006
Location: Where the stars at night are big and bright
Posts: 2,847
|
When I first started investing I let my then adviser talk me into WFC. I don't think they were paying a dividend back then, or it wasn't much of one if they were. I wasn't in love with it when I bought it but I had a lot of trust in the woman advising me and she was really a believer. So I went with it, but just a couple of hundred shares. It just sat there in my portfolio for years before I noticed that it had slowly been gaining share price, was paying a dividend and split. It's steadily grown, split and increased the dividend over the years to where it's the biggest single issue in my portfolio and by far the biggest source of dividend income. I love it - best thing I ever got talked into decision I ever made. I hate the fact that I have to make some sales to trim it's size in the portfolio, but even with this consistent winner I don't think it's wise to have too many eggs in one basket.
__________________
There is no pleasure in having nothing to do; the fun is having lots to do and not doing it. - Andrew Jackson
|
|
|
09-01-2007, 04:29 PM
|
#6
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2003
Location: Kansas City
Posts: 7,968
|
The Norwegian widow has: BAC(bought as Fleet Boston), JPMorgan, Citigroup(bought as ??) and UBS - Ag(Paine Webber). Also a tad of Suntrust(STI).
heh heh heh - she likes those dividends!
|
|
|
09-01-2007, 04:36 PM
|
#7
|
Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 2,450
|
I have been a shareholder of National City for some time and have been adding...6%+ qualified dividends sounds good to me...
__________________
- Hurry! to the cliffs of insanity!
|
|
|
09-04-2007, 08:05 AM
|
#8
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
|
Huntington Bank is one of the best run banks in the US...........
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
|
|
|
10-05-2007, 12:10 PM
|
#9
|
Administrator
Join Date: Apr 2006
Posts: 23,038
|
I just bought Barclays (BCS). Now that they have lost the battle for ABN Amro, I expect that they will recover some of the swoon in share price that occurred after they started their campaign for ABN. Right now, the dividend exceeds 5.5% and they have share buyback authorization exceeding $3 billion by the end of the year. A major global player with earnings largely outside the US, so it is a hedge on the dollar. I think the suspicions around their potential trading losses is overblown. Finally, during the last several months, this stock has been heavily shorted. If the trend reverses strongly with this news and the shorts need to cover, there could be a nice pop ahead.
__________________
Living an analog life in the Digital Age.
|
|
|
10-05-2007, 12:30 PM
|
#10
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
|
BCS is probably a good choice. Just never gets cheap enough for a dirty bottom fisher like me.
BTW, the market seems to have decided banks aren't so bad after all. Lately, even banks that announce big write-offs from mortgage nonsense are going up. Not a bad sign for those of us who took the plunge and bought.
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
|
|
|
10-05-2007, 12:49 PM
|
#11
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,072
|
Quote:
Originally Posted by Gumby
I just bought Barclays (BCS). Now that they have lost the battle for ABN Amro, I expect that they will recover some of the swoon in share price that occurred after they started their campaign for ABN. Right now, the dividend exceeds 5.5% and they have share buyback authorization exceeding $3 billion by the end of the year. A major global player with earnings largely outside the US, so it is a hedge on the dollar. I think the suspicions around their potential trading losses is overblown. Finally, during the last several months, this stock has been heavily shorted. If the trend reverses strongly with this news and the shorts need to cover, there could be a nice pop ahead.
|
I bought it on 9/10 at 47.51/sh. I wasn't expecting a quick rebound like we have seen, but I will take it. S & P still has it rated a strong buy with a $67 target. Nice dividend too.
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
|
|
|
10-07-2007, 07:26 AM
|
#12
|
Thinks s/he gets paid by the post
Join Date: Jul 2005
Posts: 2,223
|
Like the robot in "Lost in Space" would say "DANGER! DANGER!" .
All of the above may well be good values , BUT the div and yeild will very likely return to the avg. for the sector very soon. If wall street was convinced the yeild will continue , the share prices would not be so far beaten down. I'm no stock wizzard , but I have bought stocks in the past for the reasons in your post and I got some expensive lessons .
__________________
" A person is smart, but People are dumb, dangerous, panicky animals, and you know it " Agent "K", Men in Black
|
|
|
10-11-2007, 05:52 AM
|
#13
|
Thinks s/he gets paid by the post
Join Date: Feb 2004
Location: Mid Hudson Valley
Posts: 1,781
|
Added to my bank stocks yesterday. I bought some WM. aka WaMu. Also added to my NCT position.
__________________
In a panamax down by the river.
|
|
|
10-16-2007, 10:01 PM
|
#14
|
Thinks s/he gets paid by the post
Join Date: Sep 2006
Posts: 2,844
|
Since your post Key is down 9% HBAN is flat and National City is down 8%. Didn't like Bank Stocks then don't like them now. There is so little known about the values of their portfolios and what the ultimate outcome will be for home prices. If you believe everything is now fine and the Fed will just lower rates to let banks print money and we can just pick up where we were a year ago I can see where these would look appealing.
__________________
But then what do I really know?
https://www.early-retirement.org/forums/f44/why-i-believe-we-are-about-to-embark-on-a-historic-bull-market-run-101268.html
|
|
|
10-17-2007, 05:57 AM
|
#15
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
|
Quote:
Originally Posted by Running_Man
Since your post Key is down 9% HBAN is flat and National City is down 8%. Didn't like Bank Stocks then don't like them now. There is so little known about the values of their portfolios and what the ultimate outcome will be for home prices. If you believe everything is now fine and the Fed will just lower rates to let banks print money and we can just pick up where we were a year ago I can see where these would look appealing.
|
Maybe such speculations are not for you.
At the moment, people hates them some bank stocks. History suggests this will not always be the case.
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
|
|
|
10-17-2007, 06:15 AM
|
#16
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,072
|
Quote:
Originally Posted by brewer12345
Maybe such speculations are not for you.
At the moment, people hates them some bank stocks. History suggests this will not always be the case.
|
And when many are paying 5% plus dividends, not so hard to hold while the blood is still flowing on the streets.
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
|
|
|
10-17-2007, 02:58 PM
|
#17
|
Full time employment: Posting here.
Join Date: May 2007
Posts: 549
|
While I am definitely in for the long haul.....these times where we give back in 2-3 days all that we have gained in the last 2 weeks....is quite disheartening
If there IS a silver lining it would have to be that my rate of dividend yield is increasing .....but I have to admit that I would rather see the yield fall and the stock prices go up and STAY up!
|
|
|
10-17-2007, 02:59 PM
|
#18
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
|
Patience, grasshopper. Wait for the Fed cuts to continue and work their magic.
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
|
|
|
10-17-2007, 06:19 PM
|
#19
|
Full time employment: Posting here.
Join Date: May 2007
Posts: 549
|
Quote:
Originally Posted by brewer12345
Patience, grasshopper. Wait for the Fed cuts to continue and work their magic.
|
thanks for the encouragement Kimosabe ....I can't wait until I can actually say ~ "You told me so!"
|
|
|
Friedman, Billings, Ramsey
10-17-2007, 07:01 PM
|
#20
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2004
Location: Laurel, MD
Posts: 8,327
|
Friedman, Billings, Ramsey
Big article about FBR in yesterdays's paper.......I may jump in for a small taste, but would like to see a bit more yield (5% dividend)
washingtonpost.com
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|