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I found the perfect site to track earnings results. Question is, will the bank's "earnings" really hold? I bet they fall to losses by the 3rd QT.
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What do the stress tests really mean?
BoA, WF, Citigroup failed. There were some that passed. The govenment has said that they will not allow any of, at least, the big banks, to fail. Is it just to give us some data to verify that a bank is in trouble? I think we already knew that. |
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I'd go for a bank with a "big" retail arm - basically too big to fail.
But if you're looking for investment - just stay away for now - let them clean their acts up first, there could still be some nasty surprises lurking. |
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