Hello, Fool! | Login | Signup | My Fool
Dec 5, 2008 2:41 AM ET | Feedback | Site Changes | Help
The Company's principal business is to serve as a holding company for the Bank, Community, and for other banking or banking related subsidiaries, which the Company may establish or acquire.
View All Commentary (CVBF)
Recs
MarketBottom (99.55) Submitted: 5/25/08 3:19 PM : Start Price: $10.07 CVBF Score: -41.61
Banks, morgage companies, and financials in general will surely find the enviroment going forward challenging. The consumer is struggling, and all forms of credit are seeing rising loses. Thumbs down for this sector for the forseeable future. Additional capital will be required by regulators, and the appetite for risk has decreased dramatically over the last year. The FDIC is calling retired former employees back to deal with the potential collapse of 300 to 1000 banks in the coming year or two. In this decending cycle it will become more and more difficult to grow profits and expland while actual consolidation of the industry is taking place.
Report this Post Replies: 0 | Reply | Permalink
Oops! There appears to be a problem with your comment. Check to see if there's something you left out.