“Ground and pound” may be effective, even necessary, as a strategy, but
it’s not a lot of fun to watch, and I believe the sluggish near-term
results (and expectations) for South State Bank (SSB) continue to explain this bank’s relative underperformance to broader bank indices, as well as regional peers/rivals like BB&T (BBT), Bank of America (BAC), First Citizens (FCNCA), SunTrust (STI), and Wells Fargo (WFC).
Although loan growth has perked up a bit and deposit costs remain low,
real earnings acceleration is probably more of a 2H’19 event and the
shares aren’t comparatively all that cheap now.
Read more here:
South State Bank Still Grinding Through Some Repositioning
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