I know I sound like a broken record but I bought more bank stocks today. Analysts downgraded Citigroup and there are fears they may have to cut their dividend. This sent bank stocks down across the world. I enjoy purchasing financial stocks while the market is in panic mode. We may see some more drops in the future, so look for more buying opportunities ahead.
I purchased additional shares of Barclay's (BCS) and Deutsche Bank (DB). Both stocks have dividend yields over 4.5%. I am also looking at adding to Bank of America (BAC) and US Bancorp (USB).
The Div Guy owns shares of BCS, DB, BAC and USB at the time of this post.
Buying Bank Stocks
Posted by Div Guy | Thursday, November 01, 2007 | dividend stock, investing, stock | 4 comments »
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I too have been buying over the last several months, and obviously the recent further downturns have hurt. What I would like to see are dividends being maintained, obviously, but I recognize the potential for some cuts. I'll probably allow dividend payouts accumulate for the next several months, and hopefully be ready to deploy them in buying additional cash flow streams. :)
Though the valuations are tempting, I am currently over exposed to banks.
D4L,
Like your new site. I have been adding bank stocks over the last couple of months. I just bought more of BCS on Friday. I also started a position in CLP.
Good luck with the site.
div guy: I had a stop loss go off on C last week, even with that I am still over-weighted in banks (they tend to have a higher yield).
If the prices continue to fall, I will likely succumb and start nibbling soon.
Thanks for dropping by my site. I have enjoyed reading yours!