|Day Low/High||78.52 / 79.91|
|52 Wk Low/High||69.96 / 107.00|
John Flannery sees progress being made on GE's initiatives, but that is what I expected him to say.
Several lesser-known banks make my stock screening cut, though higher-profile Snap-on, Tractor Supply and Manpower also are on the list.
Banks are just now starting to reserve for the possibility of several defaults from their energy portfolios.
Moody’s has placed the credit ratings of four regional banking companies on review for downgrade, based their portfolio of energy loans, which are under pressure due to low oil prices.
Piper reiterates it's Midsouth Bancorp (MSL) buy this morning, citing many of the factors I did earlier in the day. One of the more interesting factoids in the report is that MSL has had only $2.4 million in cumulative energy charge-offs since 1985....
Given the plunge in crude, beware of these ancillary minefields as well.
With the larger names, you can find growing dividends and decent yields.