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People's United Financial Inc. Message Board

dabbler101 1 post  |  Last Activity: Jan 19, 2014 9:29 AM Member since: Jan 20, 2000
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  • dabbler101 dabbler101 Jan 19, 2014 9:29 AM Flag

    Its an unimpressive track record for Peoples, day in and day out with a decent dividend. Its always been that way at this company. So my advice is if you want predictability and can live with their style, own it. If not move on and stop complaining. I have watched this message board for over 10 years and the complaints are the same as is the mediocre performance. But everyone takes that dividend. When earnings dropped below the payout the rumors said they would discontinue it. Now its back over the amount of the dividend so I guess while its a high percentage payout of earnings, its sustainable. This is a vanilla bank and they will not start to crank up profits until the interest rates start to go back up. Margin compression is the bane of the industry and the institutions making the huge profits do so with investment banking services and derivatives (which is great when its going well and very ugly when it goes to pieces). And lets not go into the federal investigations and fines which are chewing up Chase's profits, however impressive they are. Neither activity is being engaged in with Peoples so they are left with traditional banking products - loans and deposits to make most of their income. On the plus side, they are not in imminent danger of going out of business.

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