So take it with a grain of salt. I'd rather have a bank that cuts their dividend and preserves capital...like what JPM did. If you have that kind of excess capital to flaunt a double digit dividend...pay back TARP instead.
Yeah, the rich here don't care about the Dividend which is pocket change to them. What a surprise.
Apparently people don't realize why companies give Dividends.
I know for a fact that if they lower it like JPMorgan did, or eliminate it, I will be considering switching to another stock, as why take the higher risk in a bank stock, when there are so many other stocks that are also currently low to choose from.
Go long now. Shorts had there little love in. Do you really think after all the BS that has gone on for the last 6 months they are going lower. No this is it. This is the time we all know is the beginning of the long march up. I am moving another 100K in tomorrow.