Financials are up and PBCT continues to tread water. Lost the chance to become a super regional. Needs a plan or it is time to sell. No excuse for poor performance.
They have a plan . Buyback stock to increase earnings per share.
regional banks were down today not up. NYBC, HCBK, FNFG, even NFBK are all down to day!!
They have a plan and we are watching them execute perfectly. Sit around the office, buy back some shares, option those shares to management, repeat. Great plan if you are inside, not so great for shareholders though.