Any views on financials/banks?

high-performance said:
too many bad loans in their books.
loans are assets to banks.
oil sands companies they lend
retail bankruptcies, real estate mortgages or loans..
not good as their assets lose value so will their equity as equity value is dependent

Loans are assets in the banks balance sheets

Banks want you to just keep paying them interest on the loan.

ASSET value - liability == equity

accounting 101
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Thats the point u buy when times are bad and hold till they get better if not buy now when then ? When they were sky high?
 
well maybe they have been a little beaten but I really don't think they are going to sink, people keep investing in them and now many natural people are asking for loans as a result of the covid-19
 
high-performance said:
the street, public still seem to have a love affair with equities like amazon and tsla etc.netflix and paying high earning multiples for them they are holding onto their shares like some concert ticket, they love it.and cannot get enough of it. like stock fanatics.
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They have a love affair ... with stocks going higher.

Wow what a concept.
 
systematictrader said:
according to a forbes article they were "ready" this time for crisis, apparently financial crisis are a result of any crisis so they got ready, i am long WFC yesterday at 22 support line Jan 2022 calls, their dividend is attractive even if cut into half
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And then there is always the Goldman / Wells Fargo merger rumor. If it happens maybe it spurs other banks looking to find partners.

Otherwise I think group is dead in the water for a while. Better things to look at in the meantime. "Time is money."
 
SunTrader said:
And then there is always the Goldman / Wells Fargo merger rumor. If it happens maybe it spurs other banks looking to find partners.

Otherwise I think group is dead in the water for a while. Better things to look at in the meantime. "Time is money."
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perhaps
 
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