Now that the Fed has decided not to raise short term interest rates, this may present another opportunity for the small investor to look at leadership from the troubled bank industry. Many are furiously looking to extinguish the debt owed to the government via secondary offerings and just plain solid management strategies, while still seeking ways to increase margins even before raise eventually increase. I believe there will be a few winners in the next year or so among the crowd of national banks :Wells Fargo(wfc)Bank of America(bac)Citigroup(c) and Super Regional institutions such as
US Bancorp(usb) or local titans like New Alliance(nal). In the year 2010 take a cautious but optimistic look at some of these well run companies, it could be worth your while. Look closely at their cash-flow as well as their price to earnings ratios to see what potential of future growth lies ahead.
Have a great one!
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