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- Manlobbi
Halls of Shrewd'm / US Policy❤
No. of Recommendations: 0
Curious how people on this board have played the regional bank fallout post SVB. I ended up purchasing shares in HBAN, KEY and SCWB as things went south. HBAN now show dividend yields of about 8% while Schwab seemed to me to be at no risk of corporate failure. HBAN is probably in more risk of suffering in a recession rather than suffering due to deposit runs, but they have still been hit very hard. I did not take any positions in SVB, FRB, PacWest, or Western Alliance during this period.
No. of Recommendations: 2
I bought East West Bank and Fifth Third first thing this a.m.
No. of Recommendations: 0
Both of those have shown up on my screens multiple times as well. I ended up staying away from East West because of his concentration of customers on the west coast and possible impact of east - west relations on its customer base. Fifth Third I should probably have taken a closer look at.
No. of Recommendations: 1
East West management, "The conflict will help our business."
No. of Recommendations: 0
I bought schwab and KRE, the bank etf.
No. of Recommendations: 3
I built a basket of banks, large and small, U.S. and ex-. Many caveats: I'm not a bank analyst. My review of their balance sheets was pretty cursory, mostly looking for real bad stuff hiding in plain sight. These are all small positions and not equally sized. Some could be a lot more exciting (in a bad way) than others. I think a smart person willing to spend some time could probably do better.
ALLY
BAC
BNS
BCH
BSMX
BSBR
CIB
EWBC
HIFS
KRE
SVNLY
XLF (heck, it's 13% Berkshire)
No. of Recommendations: 2
I decided to add EWBC after doing a small bit of research. So that is now a good chunky position I have in 3 regional banks + Schwab.
No. of Recommendations: 0
No. of Recommendations: 3
Li Lu probably is familiar with EWBC and may even have a banking relationship with them.
It is one of a few U.S. based banks with a full banking license in China. It serves the ethnic Chinese community in USA and facilitates cross border finances.
EWBC has an amazing efficiency ratio of 37%, ROA of 1.8, ROE 20%, and mid-teens growth rate. Has been clobbered along with the rest of the regional banks. It is now trading at a PE of below 6, half its 5-year average.
No. of Recommendations: 0
Why no but KRE or IAT?
