[Already Blessed (PAM)] GM TNT! TODAY IS A GREAT DAY FOR AN RV!
[Already Blessed (PAM)] TALKING TO RAY ON THE PHONE.....HE HAS ME ALL EXCITED! I JUST CAN'T HIDE IT!
[goldstandard] i was in banking a long time. when an event like this take place, just take a deep breath, work your plan, no need to rush and by all means do be polite. Once your out of the bank, head to the nearest watering hole and have a stiff drink as your lives will never be the same and your new job in life will be managing your money.
[okrocks] MWKD wrote Nov 20th @05:56am: for the numbers, my source is looking between 12 and 1 est.... Because bank personnel still have to be briefed in some locations.. Remember some tellers still don't know what is going on MWKD wrote Nov 20th @05:59am: Making sure everything was right.... They have one shot at it and if they don't get it right.... It will be chaos and that is what they do not want
Read More Link on Right
[wantingfreedom] ♪♫♪♫♪♫♪ I'm so excited ♫♪♫♪♫♪♫♪ and I just can't hide it ♫♪♫♪♫♪♫♪ were about to RV ♫♪♫♪♫♪♫♪ and I know ♫♪♫♪♫♪♫♪ I LIKE IT!!!♫♪♫♪♫♪♫♪ GO RV!!!! ✪✪✪✪✪✪✪✪l̲̅$̲̅(̲̅ιο̲̅ο̲̅,oο̲̅ο̲̅,ο̲̅ο̲̅ο̲̅,ο̲̅ο̲̅ο̲̅)̲̅$̲̅l̲̅✪✪✪✪✪✪✪✪
[rayren98] ♪♫•*¨*•.¸¸❤¸¸.•*¨•*♫♪ $$ We're in the Money, we're in the Money! $$ ♪♫•*¨*•.¸¸❤¸¸.•*¨•*♫♪ ♪♫•*¨*•.¸¸❤¸¸.•*¨•*♫♪ I'm so excited, and I just can't hide it. I know, I know, I know I see an RV! …. A Sho-NUFF RV! ♪♫•*¨*•.¸¸❤¸¸.•*¨•*♫♪
Montsepik: The 7 Safest Banks in America
June 25, 2012 8:17 am EST
1. Wells Fargo & CompanyWells Fargo & Company (NYSE: WFC) is the undisputed safest bank in America, now that JP Morgan Chase & Co. (NYSE: JPM) has come under scrutiny — even if Chase has about $1 trillion more in assets. Wells Fargo has branches in almost every state in the United States, with some 6,200 storefront branches and more than 12,000 ATMs.
The bank has an asset base of over $1.3 trillion. To prove how safe this bank is, Warren Buffett’s Berkshire Hathaway Inc. (NYSE: BRK-A) owns close to $13 billion worth of the common stock, and that stake keeps rising. The market cap is a whopping $171 billion.
The shares trade at less than 9 times earnings and at almost 1.2 times book value. The return on equity is just above 12%, and the bank offers a 2.7% dividend yield to the common holders. While shares trade at around $32.50, Wall St. values the top bank at almost $38.00 per share.
2. JP Morgan Chase & Co.
Despite the media attention surrounding the JP Morgan Chase & Co.’s (NYSE: JPM) multibillion dollar trading loss, the firm is still in good shape compared to many of its peers. It has a fortresslike balance sheet, with about $2.3 trillion in assets, and CEO Jamie Dimon said the only risk to the bank’s failure is a collision of the earth and moon.
Despite the share price decline following the trading loss, the company still has a sizable market cap of $135.17 billion. JP Morgan shares trade at less than 8 times earnings and only about 0.7 times book value. The return on equity is 9.8%, and the company pays a dividend yield of 3.4% on the common stock. While the bank shares are trading at just over $36, analysts value the company at $47 a share.
3. U.S. Bancorp
U.S. Bancorp (NYSE: USB) is often overlooked as a money-center bank because it is a super-regional located in Minneapolis. It is the fifth-largest commercial bank in the U.S. and caters to millions of consumers. U.S. Bancorp has $341 billion in assets, more than 3,000 branch locations, more than 5,000 ATMs and its operations spread out over 25 states in America.
Warren Buffett’s Berkshire Hathaway Inc. (NYSE: BRK-A) owns some 69 million shares worth more than $2.1 billion. The bank’s market cap is $59 billion. It is worth about 10 times earnings and 1.6 times book value. The return on equity is very high at 16%, and it offers a 2.5% dividend yield to the common holders. Shares are trading around $31.50, and Wall St. analysts have a target of about $34.25 on this great safe bank.
4. M&T Bank Corporation
M&T Bank Corporation (NYSE: MTB) is based in Buffalo, N.Y., and now has more than $79 billion in assets. Excluding any small purchases made recently, M&T had nearly 700 branches, 2,000 ATMs and a presence in eight states. The market cap is $10.12 billion, its P/E ratio is 12.7 and its price-to-book value is only 1.07.
M&T has a return on equity of 9.5% and pays out a dividend of 3.5% to common stockholders. The stock is trading just north of $80 a share, but analysts have set a target price of about $90. Berkshire Hathaway Inc. (NYSE: BRK-A) owns almost 5.4 million M&T Bank common shares worth more than $400 million.
5. PNC Financial Services
PNC Financial Services (NYSE: PNC) is based in Pittsburgh and has almost $300 billion in assets, with more than 2,500 branches and almost 7,000 ATMs in 14 states. It has a market cap of $31.01 billion, and its stock is valued at 10.6 times earnings and at less than 0.9 times book value. The return on equity is 8.9%, and the company pays out a 2.73% dividend.
Shares are trading at under $59, but Wall St. is eyeing a price of $70.50. PNC was even strong enough financially to close its National City acquisition at the end of 2008 when there was so much risk in the financial markets. PNC owns almost one-fourth of the great asset management firm of BlackRock Inc. (NYSE: BLK).
KeyCorp (NYSE: KEY) is the one exception to our rule about share prices under $10.00. Its other metrics more than make up for this exception. It has a market cap of just $7.12 billion against some $87 billion in assets. It operates in 14 states throughout the Rocky Mountain states, Northwest, the Great Lakes and the Northeast.
It is impressive that KeyCorp is on the list, considering that it is headquartered in Cleveland, where many troubled loans arose. The bank has a return on equity of 9.2% and pays out a 2.7% dividend yield. Shares trade around $7.50 but have a target price of $9.00 from Wall St.
7. BOK Financial Corporation
BOK Financial Corporation (NASDAQ: BOKF) is the smallest bank on the list, with a $3.8 billion market value and $26 billion in assets. The bank holding company is based in Tulsa, Ok., and its common branch names in other states are Bank of Albuquerque, Bank of Arizona, Bank of Arkansas, Bank of Kansas City, Bank of Oklahoma, Bank of Texas and Colorado State Bank and Trust. BOK is worth about 12.5 times earnings and is valued at 1.3 times book value. The return on equity is 11%, and it offers a 2.7% dividend yield to the common holders. Shares are trading around $56.00, and Wall St. analysts have a target above $59.00.
-Jon C. Ogg and Samuel Weigley
7 Safest Banks in America
[drl] 6:31 AM drl: For those of you who know PapaBear please keep him and his wife Linda in your prayers as she had to be taken once again to the emergency room . Only three weeks ago she had to be taken with elevated enzymes levels. Pray! Pray! Pray!
[drl] Please take this prayer request to other chat rooms if you visit them so we can unite all prayer warriors. "Where two or more are gathered in MY name"
Topic: “Beware how you take away hope from another human being.” Oliver Wendell Holmes
[..SpecialAgentGibbs] VERY SIMPLE, IF YOU RUSH TO THE BANK FOR THE SUPPOSED ONE NOTE EXCHANGE, AND ACT LIKE A BUNCH OF JACKWAGONS, DON'T BE SURPRISED OF THE BANKS GET PO'D AND SHUT THINGS DOWN