you are viewing a single comment's thread.view the rest of the posts
right now i do not have a position in either one, the latest position i am in is DLTR.
I believe that C is strictly a trend play, watch what tv guys say about it and get in and get out quick, SUSQ i will wait till after Q-3 results, but with the axe ready to fall on commercial loans it is a risky play for any bank, again get in , hopefully take a profit and get out
Today it was better to own SUSQ, up 0.40/7%, than C, down 0.40/8.85%. Tomorrow is a new day and perhaps C will do better. Personally, I have done but do not do business with C or SUSQ. I look forward to doing business with SUSQ in the future but cannot say the same for C. Perhaps you have had better experiences.
Now is the time to buy. Interest income will begin to explode. All Banks are resenting their lines of credits with floors that are resulting in 20% to 70% increases in their interest income. I would expect to see good numbers in the next couple of quarters if they do not have to add much to the loan loss reserves
Not sure why you think this is a high valuation. Book value is >$19/share even though a lot of that is good will. Take out the good will and it still has a book value above 9/share. Dividend yield is 3.6% which is nice. Finally my personal experience with the bank is very positive. Finally almost 10% of the shares are short which may be enough to create a short squeeze.
The big concern is the performance in the second quarter. Not sure I can explain it and that worries me.
As per Susquehanna, net tangible book value is $6.77 per share. This should decrease due to continued write offs. Tier one capital will probable decrease to less than than 8% over the next few quarters.. If the Federal Reserve tightens capital reserve requirments which they are debating, SUSQ could be in deep do-do..