This was the topic of my evening conversation with my cohort in Atlanta. Unfortunately the problem is deteriorating faster than originally thought.
I heard GenSpring was finally starting to pick up a few clients. That's their high net worth subsidiary and handles most of STI's larget clients. Are they struggling too?
"my cohort in Atlanta" I like to base my entire opinion on one insider I call a "cohort" I had a conversation with a part time teller in Atlanta and she told me the investment banking pipeline was SOLID.. Id really lean into this stock!
And you base your investment strategy on what a "part time teller" tells you?
That's what happens when you replace seasoned bankers with brokers.