what do you think of buffett and munger’s comments? they are kind of the banking experts and expressed a lot of concern that this isn’t close to being over.
In regards to PACW, "Deposit balances further grew ~$700M as of April 24. Total insured deposits, including accounts eligible for pass-through insurance, represented ~73% of total deposits as of April 24, up from 48% at December 31, 2022. Immediately-available liquidity stood at $12.4B,
which exceeded uninsured deposits of $8.1B, with a coverage ratio of 153% at March 31."
I'm also not a bank expert, but that seems solid to me. (I'm long 1500 shares PACWP) Also I was hoping to pick up some bonds in PNC, but decided not to since most of them are trading above par. So clearly the bond market is comfortable with PNC's prospects.
just stumbled on this, thanks for the detailed breakdown on banks! what are your thoughts on the potential release of more treasuries and the short term impact they could have on regional banks?
what do you think of buffett and munger’s comments? they are kind of the banking experts and expressed a lot of concern that this isn’t close to being over.
In regards to PACW, "Deposit balances further grew ~$700M as of April 24. Total insured deposits, including accounts eligible for pass-through insurance, represented ~73% of total deposits as of April 24, up from 48% at December 31, 2022. Immediately-available liquidity stood at $12.4B,
which exceeded uninsured deposits of $8.1B, with a coverage ratio of 153% at March 31."
I'm also not a bank expert, but that seems solid to me. (I'm long 1500 shares PACWP) Also I was hoping to pick up some bonds in PNC, but decided not to since most of them are trading above par. So clearly the bond market is comfortable with PNC's prospects.
I really enjoyed this piece. Thanks for writing it.
is this like when you suggested buying nat gas equities which then fell another 30%.....
NBN holder, here. And big fan of CEO Rick Wayne. Good piece, thanks for sharing.
just stumbled on this, thanks for the detailed breakdown on banks! what are your thoughts on the potential release of more treasuries and the short term impact they could have on regional banks?
Excellent read, thank you Andrew