… portfolio and for Berkshire Hathaway ( BRK.A ) ( BRK.B ). Buffett finds that the key competitive advantage for Wells Fargo is its low cost of funds. The bank took out 25 billion from TARP , and as a result had to slash Complete Story »
… and will continue to significantly expand the regulatory burden on financial businesses, including community banks. What the TARP did do was forced all banks to give a lot of stock to the federal government, which the federal government sold at a later date …
… risk profile, in our view. We think the company was wise to decline participation in the Treasury's Troubled Asset Relief Program , as its capital was adequate and it did not need the added restrictions. We are no longer providing a …
… growth in the long run. We also like the steps the bank took to relieve its common shareholders from the Troubled Asset Relief Program preferred dividend burden. Further, we think the bank has a healthy equity base. Absent a significant …
… Treasury the $1.4 billion it held in TARP preferred stock. Huntington's capital ..... is sturdy, in our view. Now without TARP funds, the bank's Tier 1 capital ..... the Treasury the $1.4 billion in Troubled Asset Relief Program funds it carried since late 2008. Once …
… fell to $22.4 million from $64.2 million a year earlier. Zions repaid the U.S. government's Troubled Asset Relief Program in installments in March 2012 and September 2012. Net interest income fell about 4% to $418.1 million …
… warrants, were created when the government bailed out the company in the recent financial crisis. One popular aspect of many TARP warrants is dividend protection, where the strike price of the warrant adjusts downward by any amount of dividends paid over …
By Adam Jones: This is Part 6 of a series of articles discussing the returns on common stock and TARP warrants for a few financial institutions relative to the institution's book value. Part I, on AIG, is located here . Part …
… insurer rose 3.8% to $40.09 today, a new 52-week high and cracking $40 for the first time in more than 2 years. The TARP warrants - struck at $45 and expiring in 2021 - poured it on as well, +5.8% to $16.45. Post your comment!
Wells Fargo ( WFC ) bulls might want to consider the bank's TARP warrants as a cheap way to lever up, writes Assaf Nathan. Struck at $34.01 and expiring in 2018, the warrants are $3 in …