Stock trading at 10 year lows with almost 4% dividend.
Not wild if you read deep into the press release....Chaney basically said they are in a mess.
Chaney should be fired.
I don' think he basically said that at all.
He also provided clarification when asked about the press release during the conference call.
The stock likely fell due to missing the unrealistic analyst estimates.
Looking back, the stock always falls every year with this quarter earnings announcement.. I suspect it will likely recover similarly through the remainder of the year.
Earnings were strong, the financials are strong and grew stronger during the quarter. It's a tough environment and the bank did well.
I picked up some cheap shares early this morning and will pick up more if the stock visits $25 again or lower.
You believe the shares should be trading at 10 year lows? No better off in all that time? With a price about the same as at the time of the financial meltdown in 2009? I don't.