US Regional Bank Stocks YTD:
1. NY Community Bank, $NYCB: -66%
2. Valley National Bank, $VLY: -26%
3. Metropolitan Bank, $MCB: -26%
4. HarborOne, $HONE: -18%
5. Zions Bank, $ZION: -15%
6. Western Alliance, $WAL: -13%
7. Comerica Bank, $CMA: -12%
8. Citizens Financial, $CFG: -6%
9. US Bank, $USB: -6%
This comes after New York Community bank, which acquired the collapsed Signature Bank, cut their dividend by 70%.
They also posted a quarterly LOSS of $260 million while a $250 million GAIN was expected.
Then, NYCB announced a "material weakness in internal controls."
Did regional banks ever really recover?
@BlacklionCTA Selling puts is bullish, not bearish. You get the premium, in cash, and you get to keep it if the stock does not close below the strike price at expiration. In other words, you make money if the stock does not decline.
@DrHoulizan@mitchellvii In your hypothetical, a different and inferior product was substituted for the product loaned against. In the real case, there is no substitution. The property loaned against is the very same as the appraised property.