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Fulton Financial Corporation Message Board

  • ar2743 ar2743 Jul 5, 2013 4:14 PM Flag

    Finally back to $12

    What do we do now?

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    • Enjoy the ride. Here's my take - maybe right or maybe wrong - but an opinion. The jobs numbers today, along with the revisions to the past two months, had another profound effect on the 10-yr as the Street further anticipates the Fed easing off its QE program. (Maybe Q4 this year?) I think that cha-ching you hear is the expectation that as the yield curve becomes more friendly to the banks, bank profitability increases, which in turn makes bank stocks look more attractive. Banks were up across the board. It's always dangerous to take a one-day view, traders love that so they can make money off emotional investors, as Monday it may drop back down, but if things keep moving along as they are now I think we'll see the stock move higher. Particular to Fulton - it has a pretty good looking and steadily improving balance sheet. So I think we enjoy the ride but hold our hats along the way!

      Sentiment: Hold

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