Thread: Bank Stocks
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Old 10-16-2007, 11:01 PM   #14
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Join Date: Sep 2006
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Quote:
Originally Posted by Paws View Post
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?
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.
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