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So you didn’t use any analytical model? Gotcha. You don’t know how CRE are performing at all nor do you know how they will perform especially in specific regional banking coverage areas. In other words you simply have a belief that is unfounded
Using an “analytical model” would not help or hurt the ability to predict what a stock will do. Bears and bulls both probably have their own “analytical models” that tell them different things. I honestly sounds like words you made up to try to sound smarter and something I never hear from professional investors. Also, my opinion is not unfounded because there are other professional investors who are saying now might be the time to buy regionals, so surely they used “analytical models” or whatever BS term you made up. If only I could create a great “analytical model” I could be rich!!
Using an “analytical model” would not help or hurt the ability to predict what a stock will do. Bears and bulls both probably have their own “analytical models” that tell them different things. I honestly sounds like words you made up to try to sound smarter and something I never hear from professional investors. Also, my opinion is not unfounded because there are other professional investors who are saying now might be the time to buy regionals, so surely they used “analytical models” or whatever BS term you made up. If only I could create a great “analytical model” I could be rich!!
I’m not using words I made up, they existed prior to me and are used all the time in the investing world. Your opinion is unfounded because you have no basis to support it other than you heard some other people say something. Yeah great job on that research and pretending all the CRE fallout is crystal clear
Can’t really go wrong there. Berkshire is Berkshire, and EWBC is a very well run bank with a unique and loyal customer base.
If you like EWBC, check out CATY. Very similar situation.
I traded CATY once before. It's ROE is about 5% less than EWBC and its ROA is about .1% less. Still, it's outpaced EWBC this year....though EWBC has handily beat it for longer terms. The two stocks trade about the same.
I'm not a trader. I don't buy and hold forever. But it takes a lot for me to abandon a security i know i have thoroughly researched. With regional banks, "now is our winter of discontent..." I still swear by BHB. Buying more.
I'm not a trader. I don't buy and hold forever. But it takes a lot for me to abandon a security i know i have thoroughly researched. With regional banks, "now is our winter of discontent..." I still swear by BHB. Buying more.
Good question if/when the Fed pauses the rate hikes & holds stable or starts reducing into 2024. See if the bank runs are over by then & rebound 3-6 months later.
And with the debt ceiling thing in the rearview, there is a relief rally going on. BHB= up +7.97% in the closing moments. That great, but that's nuts. Shows how beaten down the thing has been. That stock and that bank don't deserve that.
On the other hand, in the same Northern New England region, there is the tiny Community Bancorp with HQ in Derby, Vermont, on the Quebec line. It is FLAT on the day. Jayzuz. CMTV.
You may not notice but a lot of bank branches are closing. Those banks in grocery stores could be too close to a retail bank, so get closed. May wind up with 1/2 of the bank branches remaining.
In a EFT world no reason to have so many branches. Don't need so many ATM machines. Could be a deal in the future where you can use any ATM with no or very low fees.
I was noticing Chase building a ton of branches in and around our suburbs in Illinois maybe 5 or 6 years ago. I was scratching my head. I couldn't figure out why they would be building more branches when brick and mortar banking is clearly on the decline.
I was noticing Chase building a ton of branches in and around our suburbs in Illinois maybe 5 or 6 years ago. I was scratching my head. I couldn't figure out why they would be building more branches when brick and mortar banking is clearly on the decline.
I'm not sure it's on the decline. Maybe the ornate locations of yesteryear bank buildings are obsolete, but so long as people have money, they'll have issues with their money to take care of. Businesses still can deposit checks and cash etc. JPM actually is one of the higher charging banks for depositing cash if you're a business.
The BIG 5 are certainly not regional. They basically have a monopoly among themselves, north of the border, with about 90% of all deposits.
Regional banks in the USA on Friday alone, 02 June, 2023:
BHB. +7.12%
SMMF. +5.97
CMTV. FLAT.
FFIC. +8.71
OCFC. +6.85
CCBG. +6.03
CAC. -1.17%
KTHN. FLAT?
NRIM. +3.08
CATC. +6.54
***************************
Just one day, though..... And how long before the Fed stops raising and HOLDS rates? Better yet, when will the Fed REDUCE rates? I believe it won't be for a year or more. I write this fearless prognostication on 03 June, 2023.
Way more hiring than expected in May. But I bet a lot of it is summer jobs for students. So, is the TOOL they are using giving them the sort of info they actually NEED?
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