SIVB; and baby with bathwater. Which reg banks worth buying on dip?

klattermusen

klattermusen

So a lot of regional banks have gotten sold off in the shadow of the SIVB storm.

There must must be some banks with value that are worth the risk at buying? Which ones do you all think will weather this event.

PACW for example has 8% venture capital exposure. But it's down to 13 from 25 the other day.

First Republic Bank (FRC) , Western Alliance Bancorporation (WAL) , Signature Bank (SBNY)...

Any thoughts?
 
SIVB; and baby with bathwater. Which reg banks worth buying on dip?

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SIVB; and baby with bathwater. Which reg banks are worth selling on retracement?



Most of those charts look beautiful;
It formed a nice very tall mountain peak.
 
klattermusen said:
So a lot of regional banks have gotten sold off in the shadow of the SIVB storm.

There must must be some banks with value that are worth the risk at buying? Which ones do you all think will weather this event.

PACW for example has 8% venture capital exposure. But it's down to 13 from 25 the other day.

First Republic Bank (FRC) , Western Alliance Bancorporation (WAL) , Signature Bank (SBNY)...

Any thoughts?
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Fifth 3rd is a steal at $30 I think.
FITB
 
Wouldn't have more than ~5% of portfolio exposure, in banking sector. Maybe even 3%. Would leave some space to add if things went south.

Consider the banks in EU or Latin America. 1% there or there.
 
Nobert said:
Wouldn't have more than ~5% of portfolio exposure, in banking sector. Maybe even 3%. Would leave some space to add if things went south.

Consider the banks in EU or Latin America. 1% there or there.
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Sector yes, but cherry-picking a few gems(?)... maybe.
But admittedly, I'm out of my lane on banks.
I don't understand them well enough.

I bet @Newurldman could shed some light on things.
If he hasn't already, I haven't read the other threads.
 
buy kbw etf maybe, cherry picking, no.

those analysts who spend their entire days watching banking stocks are not stupid, there is a reason why WAL etc are sold off more than JPM and BAC etc.

but my educated guess is that you can pick CME or IBKR in this selloff wave, not cheap though.
 
I can't buy any options put as my trading firm does not have the option that low.

but a even bigger problem that I don't understand is, why is my own investment bank, along w/ yahoo finance, bar chart etc., shows the stock closed at 106.04 on Mar. 9? because at CNBC, there is real time price action on this stock on Fri. (today), what's the close of this stock on Fri.?
 
You can get exposure to all the regional banks with the KRE ETF (or a bunch of them at least). I'm in no hurry to jump in though myself.
 
Happy Hopping said:
but a even bigger problem that I don't understand is, why is my own investment bank, along w/ yahoo finance, bar chart etc., shows the stock closed at 106.04 on Mar. 9? because at CNBC, there is real time price action on this stock on Fri. (today), what's the close of this stock on Fri.?
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Stock got halted before market open Friday. Pre-market price was around 39$ if I remember correctly.
 
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