Can we have an honest discussion about the residual effects of the stock drop. How bad is the timing of this for the future of the bank? IMO it seems to be time to buy the stock for the long haul. Am I wrong? What does this do to the merger plan in place? The market had reacted negatively to the lack of perceived progress in synergies before this meltdown. A lot of smart people read this please weigh in.
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There will be a small bounce related to mortgage refi activity, in the next 60-90 days. After that, looks bleak on many fronts; Insurance , Retail Banking and Mortgage.
The merger may have allowed the bank to withstand this episode a little better than before but at the end of the day, not a good investment. MUCH better deals are available in the market right now.
Glad I didn’t jump in at previous price. It is half previous high and probably not bottomed yet.
This type and scale of merger take 2 years to make happen. It is far too early to call in not successful.
Buying opportunity? Possibly. Just don't expect a 25% upside. There will be a bounce, but it will be a 10-15% upside over the next 18 months. Much better values elsewhere right now.