Sophos not updating from secondary server

Not a single management team was bestowed a bank charter by the government to profit from the juicy spreads earned between the near zero percent that banks pay to savers and the three to five percent they earn on average loans.

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On an EPS basis, core EPS is approaching [[

On an EPS basis, core EPS is approaching $0.50 on a quarterly basis ($2 of EPS per year), which is again worth at least $25 per share. Cardinal Bank (CFNL) is also one of the most consistently profitable banks in the U. A huge 1.7% ROA in 2012 (16.7% ROE) is the inflated result of robust mortgage banking fees driven by gain on mortgage sales.

Following is a list of the most profitable banks in the U. Before explaining the situation at Customers Bank, which is our top idea, we briefly describe the attractive opportunities for investing in banks in the Washington DC market. S., the Washington DC market is dominated by large money center banks such as Capital One (COF), Wells Fargo (WFC), Bank of America (BAC), and Citigroup (C), along with super-regionals including Sun Trust (STI), BB&T (BBT), and PNC Financial (PNC).

In terms of pure plays (relatively), we identify 4 that are investable:1.

Credit metrics across the banking system continue to improve, i.e.

as reflected in nonperforming assets, but if we scratch the surface it doesn’t take much to ascertain the reality of widespread insolvency Noncurrent assets (as a % of total assets) remain stubbornly high at 2.20% (down from a peak of 3.367% in 2009) while loan loss reserves are down for eleven consecutive quarters.

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On an EPS basis, core EPS is approaching $0.50 on a quarterly basis ($2 of EPS per year), which is again worth at least $25 per share. Cardinal Bank (CFNL) is also one of the most consistently profitable banks in the U. A huge 1.7% ROA in 2012 (16.7% ROE) is the inflated result of robust mortgage banking fees driven by gain on mortgage sales.Following is a list of the most profitable banks in the U. Before explaining the situation at Customers Bank, which is our top idea, we briefly describe the attractive opportunities for investing in banks in the Washington DC market. S., the Washington DC market is dominated by large money center banks such as Capital One (COF), Wells Fargo (WFC), Bank of America (BAC), and Citigroup (C), along with super-regionals including Sun Trust (STI), BB&T (BBT), and PNC Financial (PNC).In terms of pure plays (relatively), we identify 4 that are investable:1.Credit metrics across the banking system continue to improve, i.e.as reflected in nonperforming assets, but if we scratch the surface it doesn’t take much to ascertain the reality of widespread insolvency Noncurrent assets (as a % of total assets) remain stubbornly high at 2.20% (down from a peak of 3.367% in 2009) while loan loss reserves are down for eleven consecutive quarters.

]].50 on a quarterly basis ( of EPS per year), which is again worth at least per share. Cardinal Bank (CFNL) is also one of the most consistently profitable banks in the U. A huge 1.7% ROA in 2012 (16.7% ROE) is the inflated result of robust mortgage banking fees driven by gain on mortgage sales.

Following is a list of the most profitable banks in the U. Before explaining the situation at Customers Bank, which is our top idea, we briefly describe the attractive opportunities for investing in banks in the Washington DC market. S., the Washington DC market is dominated by large money center banks such as Capital One (COF), Wells Fargo (WFC), Bank of America (BAC), and Citigroup (C), along with super-regionals including Sun Trust (STI), BB&T (BBT), and PNC Financial (PNC).

In terms of pure plays (relatively), we identify 4 that are investable:1.

Credit metrics across the banking system continue to improve, i.e.

as reflected in nonperforming assets, but if we scratch the surface it doesn’t take much to ascertain the reality of widespread insolvency Noncurrent assets (as a % of total assets) remain stubbornly high at 2.20% (down from a peak of 3.367% in 2009) while loan loss reserves are down for eleven consecutive quarters.

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