That's why the stock is sinking inexorably lower even as the overall market goes up. The move by the Fed is going to have the effect of holding interest rates where they are while inflation goes up. Management is holding out for a sweetheart deal for themselves, not the shareholders. This one will be another NorthFork/Capital One deal where the NorthFork management got paid off handsomely, and the shareholders got a zero premium for their shares.
So very very true.
It happens across all industries during a downturn, not just the financials.
Wallstreet types steal from the stockholders in an upturn, and the Boardroom steals from the stockholders in a downturn.
When it turns to s**t the insiders always get theirs and it's always at the expense of the stockholders.
If ya look REAL close, the "Worlds greatest capital markets" aren't so "great".
Rising interest rates (which are on the way in 60 - 90 days) will improve the bottom line of this stock way more than most realize. Great yield while the upcoming rates work their way through the system. An acquisition by a larger bank is a PROBABILITY at some point in the not too distance future. Just my honest opinion. I am putting my money where my mouth is too.