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Bank Stocks: Disregard The Stress Test & Consider These 3 Stocks
Didn’t a “stress test” used to be something you saw your doctor about when life became overwhelming?
Today, this buzz-phrase is more often used as a measure of American banks’ financial strength (or lack thereof).
On the surface, you might think it’s good news that several banks fared quite well and “passed” the government’s recent stress test. But dig a little deeper and you’ll find that the banks being tested actually helped set the rules.
This could be a dangerous situation for those simply following the crowd into buying banks stocks, but unaware of the real story…
Stress Test A Concoction By Banking Industry
In…
13May2009 | Smart Profits Report | 0 comments | ContinuedU.S. Banks Looking to Score Profits Again
Although we’re still in the middle of the worst financial crisis in decades, a few select banks are positioned to make a boatload of profits. And if you pick the right ones, gains of 100% or more are easily within reach.
The U.S. Federal Reserve’s actions in cutting short-term interest rates to almost zero – together with a gentle rise in U.S. Treasury bond yields since the start of the year – have given us a steeply sloping yield curve, where long-term rates are about 3% above short-term rates.
What’s more, lending rates to corporate and personal borrowers are way up, far…
18Mar2009 | Money Morning | 0 comments | Continued
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