A bank holding company which provides consumer and corporate banking products and services through its wholly-owned banking subsidiary, Corus Bank, N.A.
BATS data provided in real-time. NYSE, NASDAQ and AMEX data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates and Analyst Ratings provided by Zacks.
SEC Filings and Insider Transactions provided by Edgar Online.
Powered and implemented by Interactive Data Managed Solutions. Terms & Conditions
RSS Headlines
Fool UK
Recs
Despite high non performing loans portfolio, leverage is only 11 times equity. It is much higher for typical US banks. It has much better underlying assets, of which it can usually recover full value of its loans at fire sale prices. Additionally, there is some extra money tucked away in the holding company which can be used for these rainy days.
If it is able to stay afloat look for this company to trade back to book value.
You have got to be kidding me. "better underlying assets"?? They were the main lenders in WCI communities and we know what happened to them. Please don't drink the kool-aid.