|Day Low/High||52.55 / 53.35|
|52 Wk Low/High||41.05 / 56.40|
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.
These banks are all undervalued, and could attract bank-stock activist funds.
Given the plunge in crude, beware of these ancillary minefields as well.