"""..AT LEAST 400 BANKS ARE INSOLVENT and another 200 are grossly UNDERCAPITALIZED, in the USA....."""
Aren't bank reports due out pretty quick
AN FYI
The bank my family and inlaws own a good position in in S OK when they put out their K1 this year had a letter from the Pres in it.
Now this is a bank that in 2023 pulled a 17% ROI on assets........... BUTTTTTTTTTTTTTT they letter went like this I wanted to inform you all that in 2024 we will be reducing our divie by 20% and you need to inform you CPA's of this so they can adjust your quarterly withholding payments accordingly......................
NOW our PRES is very conservative and the bank BOBVIOUSLY does very very well !!!!!!!!
My WAG is he is being cautious and at the same time will use that cash to buy up distressed stocks and assets.................
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