No. of Recommendations: 4
I keep seeing small US regional banks showing up in my value screens. Lots of them. For weeks now.
I can see at least three obvious reasons why this is:
- They are cheap, and deserve to be.
- They are cheap, and do not deserve to be.
- My screeners are poorly designed and naturally pick out bank-y qualities.
(Yet they don't pick up big banks.)
Other reasons may also exist that I have not anticipated.
Like the everyday banking accounts at many of these banks, personally, I have zero interest.
But perhaps it's of use to someone else.
e.g. as part of a 'buy everything and let god sort the good from the bad' strategy.
If you're curious, load up Finviz and pick out "Banks - Regional" and sort by market cap and have a look.
If you find anything unusually worthwhile, please do let me know via this thread.
lux