Canadian banks are most likely drooling by now looking into the US banking industries at this point in time. They will most likely hold off for a few months to purchase something cheep. More than likely waiting for a bottom to buy something like BBT.
Yes, but only one problem for shareholders is JA and his beloved culture that can only produce returns for management. JA's ego will never allow shareholders a return and in good old USA the boards are appointed and owned by management so we long term shareholders are forever screwed.
What did I tell you...day end 170k share trade. Probably same buyer as Friday doing more bottom fishing. i think it safe to assume that unless there is some really bad macro news, this stock will not trade down much lower. I might be a buyer now.
Everyone will be waiting to see "if it gets worse." The only thing holding back foregn capital right now is that they can't calculate just how bad the fallout can get and, just as importantly, if an ensuing recession will shut down loan production and next year's cash flow. Classic cat and mouse game. However, given the foreign interest in Bear Sterns, I am sure the Canadians or RBS is looking at BB&T hard.