Trustco's conservative style of lending and investing has benefited the company in the current macroeconomic climate. I expect Wall Street already recognizes TRST as a quality level above the more risk oriented banks. Going forward Wall Street may reward TRST for its conservative management style.
"Trustco's conservative style of lending and investing has benefited the company in the current macroeconomic climate." Are you whacko? What benefit do you perceive in a 40% loss in equity and a 30% cut in the dividend?
Looking at the past year, other banks have had market cap declines and dividend cuts more severe than Trustco. The reason for this is Trustco's reputation as a conservative bank which has traditional lending and investment practices. All things considered, TRST market cap has withstood the Wall Street sell off of financial industry stocks well. Going forward, TRST is positioned to gain market cap once regional banks return to Wall Street's favor. A resumption of mergers and acquisitions within the regional bank sector is one prominent catalyst which is likely to provide TRST stock substantial market cap appreciation.
The author of this subject is a brilliant analyst. Certainly, Trustco Bank is a very conservative institution -- we have to be, we are the best regional bank in the business. TRUSTCO BANK has had a reputation for being a wise and efficient company for over 100 years. This reputation will never be tarnished. All of our executives are sworn to this code.
Wall St. does know that we are the best. My clients are always clamoring to buy more and more of this company. TRST is going to be in the mid-teens for sure. A rally is being born which will not end for many, many weeks. Get in there and buy TRST now; it is an absolute STRONG BUY.