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RallyCry (< 20)

Let's Break the Bank to Buy...Well...Banks

Recs

4

December 17, 2010 – Comments (0) | RELATED TICKERS: C , GS , JPM

Looking at these large money center banks and the gov't moving out of the likes of C, there appears to be a great deal of opportunity here. There are also many reports of banks raising their dividends to distribute their cash hoard. Consolidation appears to be accelerating as premiums paid for acquisitons are more reasonable than anytime in the past decade.Sure foreclosures, higher interest rates, and weak lending provide some drag on growth but these big banks still look like strong buys here. Am I missing something?

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