This post has been de-listed
It is no longer included in search results and normal feeds (front page, hot posts, subreddit posts, etc). It remains visible only via the author's post history.
Everyone knows about its unrealized losses but there will never be a bank run or liquidity crunch. Dividend yield is approaching 4%. It just had good earnings and is trading around 52w low. No need to mention Buffett. It looks too oversold but day after day people keep selling it.
One problem I have is with its management. Moynihan has been nothing but a huge disappointment judging by its stock performance (relative to other banks). Not sure why shareholders haven’t revolted yet. Any thoughts?
I’d say bank stocks are a great buy once we know for sure that the fed won’t be raising interest rates anymore. Likely the answer will come in the next couple of months
Subreddit
Post Details
- Posted
- 1 year ago
- Reddit URL
- View post on reddit.com
- External URL
- reddit.com/r/stocks/comm...