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Regionalbanks

HBAN oversold, go longBanks sold off heavily due to fed uncertainty/their announcement and T-bill market volatility, particularly regional banks like HBAN. HBAN's recent acquisition of TCF bank is just beginning to become accretive to their overall business and the bottom line. See more details on that acquisition in my prior posts linked below. Buy this capitulation/weakness Just received the highest rank among regional banks in the JD Power's US banking mobile app satisfaction survey for the 3rd year in a row.
NASDAQ:HBANLong
by EBITDAtiger
go long HBANTCF bank began merging in to Huntington Bank after receiving shareholder approval, ticker HBAN, in March of 2021 with the intention of being completed within the year. This will put it in the top 10 regional banks and will rank 5th in 70% of deposit markets. Regional banks are set to benefit from rising rates and inflation. The cost synergies and the ability to more heavily compete with the larger regional banks should provide it a runway to longterm growth. In the meantime, while these changes take place you will collect a 3.8119% quarterly dividend and have time to accumulate shares. "Cost synergies are anticipated to be around $490 million, or 37% of TCF Financial's non-interest expenses. Per Huntington’s expectations, the deal is likely to be 18% accretive to earnings by year-end 2022, including the fully phased-in transaction cost synergies." -yahoo finance It has been in a period of consolidation/trading sideways but I expect it to began to break to new highs as strengths are combined and weak branches are closed. It has underperformed in comparison to the KRE which is a proxy for the overall regional banking sector. This trend should reverse. www.prnewswire.com www.freep.com
NASDAQ:HBANLong
by EBITDAtiger
Tagging trendline connecting high pivot of 2015 & 2018The Russell 2000 ETF (IWM) is surging over 4% as Democrats likely take control of the Senate. This gives Biden control to push through more stimulus. Interest rates surged through 1% on the 10 year yield. Not only is the Russell 2000 full of small caps, but also banks. Banks rally as yields rise. IWM is also tagging a trendline that connects the high-pivot of 2015 & 2018. Could this be a pullback level? Going in on a half-position, possibly adding if things turn favorably (sub-$200). Shorting shares is the safest route, but February/March $190 puts have a nice risk/reward at this level. Not financial advice. Happy trading.
AMEX:IWMShort
by planetshhh
Ugly Chart and Bad Fundies for BanksExpecting something like this to play out with KRE (regional banks). So many headwinds for banks going forward, even if we avoid any further Corona problems (big if), we are expected to be in a zero or negative rate environment for years to come. Just look at what happened to Japanese and European banks under those conditions for long timeframes. It's not pretty. Plenty of room to the downside after breaking through the primary wedge support line. Next stop looks like $33 area. Would expect some sort of bounce there before resuming downtrend to test the march lows. Position: 12/18/20 25p Would reassess if genuine reflation and growth begins in the economy. Long duration on the option so even if next move in stocks is upwards I plan to diamond hands these.
AMEX:KREShort
by ZChartDoc
5
Long Regional Banks $FISI $WSBC $FLIC $SSB (Cheap and Oversold)Hey traders, I'm buying 4 regional bank stocks today as I think they're cheap and so do the company insiders who have been buying shares like many regional bank insiders have been doing these past 2 months. The technicals have also aligned for a good entry point here imo as we're currently at the bottom of the range and oversold versus the market and financial sector in general, I'm trading off the weekly charts looking for mean reversion so these trades will need approximately 1-3 months to play out but stand to make potential 30-50% gains with less downside imo. Follow along as i'll update these trades. Jared. *Disclaimer: This is not financial advice, I'm just sharing my own trades, opinions and analysis, please trade at your own risk.
SLong
by Click-Capital