Here is an interesting take by Joshua Brown at The Reformed Broker:
The age old tradition of a bank stock is to pay dividends and if your bank does not pay in anyway, you should be really careful.
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Jared Seah
Friday 26th of August 2011
LOL! Warren Buffet made a 5 billlion purchase of the preference shares at 6% yield and the stock went up! How's that for moving the market?
Let's see who is right in 12 motnhs. Warren or the market?
Sure is a humbling experience for fundamental investors - what does Warren sees that they don't see from the numbers?
Drizzt
Sunday 28th of August 2011
this looks like a national service to me .
so1trg
Thursday 25th of August 2011
My opinion is they are still holding on to much of the sub-prime loans in the form of CDOs, complex derivatives and what you have not? The leftovers from the 08 meltdown transfered to them by Merril Lynch.
How to make money like that?