the forward p/e is 11.78, up on a down market day, and up in after hours, Borrow at 1% and loan money out at %4 to 9%, it's Mr. Warren Buffett's fav bank investment. Buy this gem, reinvest divs, and go golfing...
Sentiment: Strong Buy
Up 12% since October, WFC is best of breed, and as close to a sure thing as they come. Borrow @ 1%-2% and loan it out @ 5%-9%
I smell a bargain in AXP. Costco may have cancelled deal with AXP, but their customers still owe AXP $9B in outstanding loans. AXP is in the process of inking new deals with announcements forthcoming.
with a charming CEO, there's no lack of knife catchers waiting to buy JPM shares. A bus load of cheerleaders will show up next week and get slaughtered
the pain for JPM is not even close to being over, today's 4% bone is a head-fake. The stock is already going south in after hours. More skeletons in the closet to be exposed in the coming weeks. Their London trading desk is a bit out of control, with traders swinging for the fence and trying to land the big bonus. When the details come are exposed by the current SEC investigation, investors will be shocked to find out that those "hedge" bets were actually ultra-leveraged bets that came up snake eyes. Then the whale trader panicked and got the green light from CIO to double down betting on red, and out came black. Then the schmuck went all-in on the button with a straight and got busted by a maniac who hit his flush. An unfortunate set of events that set them back a few $B's.
Ultimately, the only way to stop banks from folling the dice is to reintroduce Glass-Steagall. There was a good reason this Act was put in the books in 1933
Good luck and avoid/mitigate risks and manage your bank roll...
rolled the dice and it came up snake eyes,
double down on red and it came up black,
went all in with an A-high straight on the button and lost to a suck-out maniac with a flush
That's gambling folks, AKA hedging gone wild
with $9B free cash flow (TTM) and $100+ pb
things are looking up for bp with p/e in low single digits. bp likely will restore their 6% div by next yr to bring back the pension fund institutional investors
good luck all and do your own research before investing
the dividend was nothing but a shell game for management to back up the truck, now everybody bolting for the exits, no skin in the game. I can't blame these blokes for cashing in on run up. let the cheerleading shareholders suffer like dogs. they deserve it for not doing their due dilligence
the fundamentals are still broke - no pipeline, no growth
do your own rearch before investing money