Time for a comparison of the 2 banks shown in the widget on the right. Bank of America (BAC), in the Dow, is at a 6 year low as is the case with most of the big name, famous banks. US Bancorp (USB) has been kicking around the 30-34 range for the last year, while major banks have taken a beating. Both are members of the S&P Dividend Aristocrat list (track records of over 30 years of year over year higher divs in their cases). USB is kind of a boring bank with a modest longer term stock track record. But today, boring records look pretty good:
Wednesday, June 4, 2008
Lehman uncertainty confuses markets
Lehman (LEH) uncertainty is confusing the markets. They are little changed while trying to figure out what the future holds for Lehman & how that will impact markets. In this confusing situation, something the markets do not like, Lehman is looking for outside capital probably from Korea. Grrr! We are in a new world where the US is not always at the center. Oil fell below 124 from concerns that the slowing economy will reduce demand. At other times, that news brings out buyers in droves. The Labor Dept reported mixed numbers for Q1 on worker productivity & wages. A private report by ADP Employer Services reported that private sector jobs increased by 40K last month, a good sign for the gov's upcoming labor report on Fri.
Time for a comparison of the 2 banks shown in the widget on the right. Bank of America (BAC), in the Dow, is at a 6 year low as is the case with most of the big name, famous banks. US Bancorp (USB) has been kicking around the 30-34 range for the last year, while major banks have taken a beating. Both are members of the S&P Dividend Aristocrat list (track records of over 30 years of year over year higher divs in their cases). USB is kind of a boring bank with a modest longer term stock track record. But today, boring records look pretty good:
Time for a comparison of the 2 banks shown in the widget on the right. Bank of America (BAC), in the Dow, is at a 6 year low as is the case with most of the big name, famous banks. US Bancorp (USB) has been kicking around the 30-34 range for the last year, while major banks have taken a beating. Both are members of the S&P Dividend Aristocrat list (track records of over 30 years of year over year higher divs in their cases). USB is kind of a boring bank with a modest longer term stock track record. But today, boring records look pretty good:
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