Talking Stocks 2.0

[RyanO]

Originally Posted by bryan13

Why aren’t the banks holding up better? The federal reserve will save the banks at any means necessary. Money is pouring into tech which makes sense, but it was already overvalued before virus. The banks provide decent dividends (if no cuts coming), and they have the fed to infinitely support them. Unlike 2008, banks are in a pretty good place all things considered.

Been wondering the same, I think a lot of the price action has to do with fear of their exposure and write-downs. Having said that, I have long positions in JPM, C, WFC and Bac. I think long term, I'll be glad I picked up these shares.