Flagstar Bancorp, Inc.
As a long-term investor, I still get excited when quarterly reports come out for two of my major holdings, Bank of America (NYSE: BAC) and BofI Holding (NASDAQ: BOFI). Even though I plan on owning both companies for many years, it is still important to look for and understand trends, both within the company and the industry. A fast and simple exercise I go through each quarter is looking at more »
Regardless of post-earnings stock reactions, these four companies announced numbers that any shareholder should appreciate, and in my opinion, all four are a “Buy.”
Finally! A Good Quarter
Apple (NASDAQ: AAPL) reported Q3 earnings after the bell on Tuesday, and near 6% gains were accumulated on Wednesday. The company beat expectations with revenue growth of 1% year-over-year, and made mention of several new product launches.
While the quarter has been more »
Corporate actions are one segment of the market where there's always something happening. Companies buy each other out, merge with one another, or simply sell assets to each other. But there's one corporate action that can be performed without any need for consent of any third party. Shareholders can always elect to split their shares, or reverse- split their shares. This phenomena is very interesting because it combines more »
Flagstar Bancorp (NYSE: FBC) has come out of the recession incredibly strong. It seems as though investors who were once scared of the bank during the height of the recession are beginning to climb back in and buy shares. Also, important is the fact that the bank's own customers seem to be coming back towards the bank, as the bank has increased core deposits 13% quarter-over-quarter. Even more importantly more »
I have followed the banking industry, and regional banks in particular, most of my adult life. I liked regional banks in particular because I believed I understood how they earned money. They took in cheap depositor cash, and loaned out that money in mortgage, credit card, and commercial loans to create generous net interest income. They supplemented that with modest fee income from those credit cards, mortgage applications, and the more »