Here's a piece that went up on Investopedia today. It was written a few days ago, so it does not include the major bank earnings that were announced since then.
http://stocks.investopedia.com/stock-analysis/2010/Regional-Bank-Round-Up-USB-ZION-RF-MTB-KRE-WFC-PNC0422.aspx
It seems that banks got us into this mess, but are they finally getting themselves out? If you look at the performance of the stocks, at least as measured by the SPDR KBW Regional Banking ETF (NYSE:KRE), it is tempting to say "yes". After all, regional banks have done well so far this year relative to the S&P 500; up about 25% versus a roughly 7% gain in the broader market index.
If only it were that simple. We have all seen that the market is a measure of what people think is going to happen, and not necessarily an accurate measure of what is happening on the ground. Luckily for all us, a recent batch of big regional bank earnings does suggest that business is looking up.
The rest can be read at:
http://stocks.investopedia.com/stock-analysis/2010/Regional-Bank-Round-Up-USB-ZION-RF-MTB-KRE-WFC-PNC0422.aspx
No comments:
Post a Comment