I been with a CU for 35 years, and yes, its much better than a bank.Such is why I left banks years ago. Been with Tinker Credit Union for years and love them. Much less hassle than any bank I've ever used.
I been with a CU for 35 years, and yes, its much better than a bank.Such is why I left banks years ago. Been with Tinker Credit Union for years and love them. Much less hassle than any bank I've ever used.
Kramer is a shill for every company just about to fail. Bet he has a lot of short sales.I used to follow Jim Cramer and double check his advice.
He buys in low, says it’s a great buy, then bails before the collapse. T Boone Pickens type operator.
Hopefully his career is over.
https://www.foxnews.com/media/cnbcs...silicon-valley-bank-weeks-disastrous-collapse
Bank | Ticker | NIM – Q4 2022 | NIM – Q3 2022 | NIM – Q2 2022 | NIM – Q1 2022 | NIM- Q4 2021 |
SVB Financial Group | SIVB,-60.41% | 2.00% | 2.28% | 2.24% | 2.13% | 1.91% |
Source: FactSet |
Bank | Ticker | City | Net interest income/ avg. assets – Q4 2022 | Net interest income/ avg. assets – Q3 2022 | Net interest income/ avg. assets – Q4 2021 | One-year contraction or expansion |
Customers Bancorp Inc. | West Reading, Pa. | 2.61% | 3.10% | 4.03% | -1.42% | |
First Republic Bank | San Francisco, Calif. | 2.28% | 2.53% | 2.50% | -0.22% | |
Sandy Spring Bancorp Inc. | Olney, Md. | 3.10% | 3.34% | 3.29% | -0.19% | |
New York Community Bancorp Inc. | Hicksville, N.Y. | 2.10% | 2.06% | 2.20% | -0.11% | |
First Foundation Inc. | Dallas, Texas | 2.35% | 2.98% | 2.41% | -0.07% | |
Ally Financial Inc. | Detroit, Mich. | 4.04% | 4.20% | 4.09% | -0.05% | |
Dime Community Bancshares Inc. | Hauppauge, N.Y. | 2.98% | 3.20% | 2.95% | 0.03% | |
Pacific Premier Bancorp Inc. | Irvine, Calif. | 3.34% | 3.34% | 3.27% | 0.07% | |
Prosperity Bancshares Inc. | Houston, Texas | 2.72% | 2.78% | 2.65% | 0.07% | |
Columbia Financial Inc. | Fair Lawn, N.J. | 2.69% | 2.78% | 2.60% | 0.09% | |
Source: FactSet |
Bank | Ticker | City | Net interest income/ avg. assets – Q4, 2022 | Net interest income/ avg. assets – Q3, 2022 | Net interest income/ avg. assets – Q4, 2021 | One-year expansion |
Comerica Inc. | Dallas, Texas | 3.54% | 3.31% | 1.91% | 1.63% | |
First Horizon Corp. | Memphis, Tenn. | 3.57% | 3.21% | 2.24% | 1.33% | |
M&T Bank Corp. | Buffalo, N.Y. | 3.68% | 3.34% | 2.37% | 1.31% | |
Stellar Bancorp Inc. | Houston, Texas | 4.16% | 3.95% | 2.85% | 1.31% | |
Enterprise Financial Services Corp. | Clayton, Mo. | 4.28% | 3.78% | 3.08% | 1.20% | |
Berkshire Hills Bancorp Inc. | Boston, Mass. | 3.61% | 3.26% | 2.43% | 1.18% | |
East West Bancorp Inc. | Pasadena, Calif. | 3.77% | 3.50% | 2.61% | 1.16% | |
Texas Capital Bancshares Inc. | Dallas, Texas | 3.22% | 3.01% | 2.08% | 1.14% | |
Wintrust Financial Corp. | Rosemont, Ill. | 3.51% | 3.17% | 2.41% | 1.10% | |
WSFS Financial Corp. | Wilmington, Del. | 3.90% | 3.50% | 2.81% | 1.09% | |
Source: FactSet |
If I had any money, I sure would know where it wasThese banks are failing because their cash cow is drying up. The Fed is falling behind on the money printing.
Banks used to survive on deposits from people. The banks would then loan out the money and charge interest and pay a portion of that to the depositors. Banks also invested in the market and earned dividends that in turn was "shared" with depositors.
Now they mostly run on money funneled to them by the Fed and they use that money to invest in the market. Seems to me that very little is loaned out to business and Joe mortgage seeker.
Your view might be different, but that is how I see it.
Then, too, one has to wonder what SVB did with all the deposits it received from those tech companies. Where is it? Where did it go? Someone has it. Money doesn't just disappear. Real money, that is!
It's 10:14 AM right now. Do you know where your money is?
Woody
Do you mean was or went?If I had any money, I should would know where it was
most of it is in the hands of third generation welfare b*stards, the rest I keep in broke down trucks and tractors for safe keeping.you know where your money is?
Woody
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