Forced to buy a banking stock...

[Ivanovich]

I'm not, but let's pose the hypothetical situation that you had to pick one banking stock in this chaos that you believed would be a good longer term investment - which one would you go with and why?

 

[goldenglen]

BAC - "Bank with pride"
too patriotic and military designs for checks and cc for market to let this one down

 

[makloda]

HCBK. One of the better looking 5 year charts in banks/financials.

 

[50_Bip]

The only banks I would own:

HCBK
UMBF

I also like MORN.

 

[Nagelis]

GS

weathered the storm relatively well so far
steady fee income


HBC
took all writedowns right away w/o dickin around
best placed for penetrating the chinese mkt

 

[S2007S]

XLF


or UYG if you want to put more risk on...


I would NOT go with any individual stocks, go with the ETFs instead.

 

[ammo]

raed yesterdays article in www.financial sense .com on banks,very scary when u get to the www.financialsense.com page click mrkt wrapup

 

[tomahawk]

Quote from S2007S:

XLF


or UYG if you want to put more risk on...


I would NOT go with any individual stocks, go with the ETFs instead.

I agree ... UYG for me. I bought Aug 20 calls yesterday (to hedge my overall short positions).

 

[oraclewizard77]

CSE is looking good. Strong insider buying. Dividend will probably be cut as they de-reit, but I expect them to be one of the few with cash ready to take advantage of the void of most banks imploding.

 

[VoodooMMI]

BBT. They just RAISED their dividend.

http://finance.google.com/finance?q=bbt