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Regional Bank stocks are garbage...

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1

February 24, 2010 – Comments (5) | RELATED TICKERS: EWBC , NPBC , FULT

As people usually don't seem to like my "Regional Banks are HOT" posts, I though I probably need a different kind of post title to get people to agree with me...

OK, here are the facts:

Once again, all reg. bank stocks from the list I made on Jan. 22, 2010 are in the green.

Today,

FMBI is up 5.2%

WBS up 4.5%

EWBC up 3.9%

NPBC up 3.9%

FULT up 3.4%

CVBF up 2.9%

FITB up 2.9%

STBA up 2.9%

RF up 2.1%

PACW up 1.5%

(S&P up 0.9%)

 

5 Comments – Post Your Own

#1) On February 24, 2010 at 11:28 AM, ragedmaximus (< 20) wrote:

well it was the most beat down sector in the crash so with great risk comes great reward or going to zero.I'm sure 1 of those might be up 1000 percent in the next 5 years.

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#2) On February 24, 2010 at 12:29 PM, dragonLZ (99.59) wrote:

See, different title and there is already one guy agreeing with me... :) 

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#3) On February 24, 2010 at 12:38 PM, TMFUltraLong (99.95) wrote:

And my one and only pick in this sector of yuckiness was PrivateBancorp... and thats up 31% since Jan 22nd, although I would have sold out (and I did in the UltraLong portfolio) when it was up 37% because that's just how I roll.....

UltraLong

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#4) On February 24, 2010 at 12:47 PM, APJ4RealHoldings (33.67) wrote:

i am short PVTB

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#5) On February 24, 2010 at 1:24 PM, ElCid16 (95.85) wrote:

Don't regional banks generally have a higher percentage of their balance sheets in commercial real estate?

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