US Banks: The Good, the Bad, and the Ugly (at Seeking Alpha)

by: Christopher Whalen posted on: July 23, 2008 | about stocks: We turn away from the GSE mess to focus on the diversity of results in the Q2 numbers for the US banking sector. While overall the financial result for the US banking population is poor, some recognizable names such as Well Fargo continue to perform strongly. In fact, as of the first quarter of 2008, IRA's analysis to support research on credit conditions suggests that just eight percent of US bank units display evidence of stress and should be the focus of an initial round of industry remediation work. When we roll out the beta version of our credit conditions index with the Q2 regulatory dataset, subscribers to The IRA Bank Monitor will be able to display specific institutions and groups of banks based upon relative credit stress factors. What our observations... [read full story]