Thread: Bank Stocks
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Old 10-07-2007, 08:26 AM   #12
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Join Date: Jul 2005
Posts: 81
Quote:
Originally Posted by Paws View Post
(Huntington Bank HBAN $16.97 div $1.06) 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%. Anyone think this could be a good source of income?
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.
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