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Commerce Bancshares, Inc. Message Board

  • wixiewaxy wixiewaxy Jan 17, 2008 10:33 AM Flag

    My Take on CBSH

    The condition of CBSH is excellent and it's loan portfolio is very sound and has had a surprising increase which should bode well for 2008's earnings. The loan losses which are modest have been adequately provided for and are of little consequence. The economic atmosphere in CBSH's universe is better than the national average with housing relatively stable. (CBSH is not a mortage lender) My take is that the low interest rates being set are especially advatageous to the bank because they will be borrowing on the cheap and will not be passing on much of the lower cost. The consumer won't be benefiting as much as the banks will be from the Feds. actions. WW

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    • you people are in denial--they have same problems as everyone else--Mr Kemper needs to finally be challenged by the board and move on due to lack of performance--needs to consider taking his other family memebers also---too much family in the company for a corporation this large and not performing any better than they are--I hear of loan problems being publicly addressed in their Illinois locations(Peoria Journal Star)
      in excess of several million $ and no response from the company, making you wonder what the extent is---be careful--- vote against the Kempers at next shareholder meeting--I know I will be---credit card problems could be next like the other big banks--heard it here first==

      Good luck, Investors!

      • 1 Reply to oldsmarties
      • Almost every bank is having these problems. No kidding. But CBSH's numbers are certainly holding up better than its peers. Long CBSH, short ASBC - I didnt say get long cbsh outright and expect that banks are going to suddently just turnaround here.

        However, you might get a short term immediate pop with the fed cuts on the near term horizon. Bank index was gutted about 17 percent in the last 15 days, so some sort of near term bounce in the obvious direction that will follow - down down down - but ill bet on CBSH relative to its peers.

    • They beat ex-item and the stock made no move. Look at WABC, they also beat by .01 ex item and Keefe Bruyette ran the stock big time in a down market today.

      ASBC missed big time and yet they held up too.

      My bet, load up on CBSH and sell ASBC. CBSH will turn in to WABC and run 5 to 10 percent over the average here, while ASBC should plummet once they see that they missed even worse than stated ex-item out the charge but higher gains from asset (branch) sales.

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