Financial 15 Split Corp T.FTN

Are the too big to fail banks vulnerable

[Donwaan]

As the banks stock lost a staggering 44% of its value, the floating-rate notes fell to 87 cents on the dollar. Regional banks have a larger exposure to commercial real estate, which has left them vulnerable in the current office-space downturn. https://www.marketwatch.com/story/new-york-community-bancorps-sole-traded-bond-fell-off-a-cliff-this-week-dragging-others-down-with-it-4298cc77?mod=home-page

[Donwaan]

That was in reference to: New York Community Bancorp .

[NoShoesNoShirt]

Right.  And if you follow my link, that bank is last on the list. Also worth noting the whole index was unnafected by one bad bank.

[Donwaan]

I'll take your reply as a confidence vote in those big US banks. Time will have the last word of course but you may be right.GLTA

[FatTraderDude01]

I feel that Canadian Banks have a lot less risk exposre and are probaby more regulated than US Banks....   Lovely FTN close today for those that bought the dip around $7.50 :)

[Donwaan]

I think you're most likely right about the CDN banks.I bought today's dip but sold on the late day rise too.Still hesitant to hold this longer term in case there is more US side vulnerability.

[Golferman]

I sold my position as well at end of day on Friday .... S&P should have a pull back now to the 4800 level. The banks will respond the same. Will look for a lower entry point within the coming weeks.  Golferman