A strong US dollar, could prove very negative for earning of Companies (even though currently lot of negative sentiment is perceived to be priced in the market). So may need to further downgrade earnings estimate.
Global Stocks Pin Hopes of Year-End Rally on Earnings Resilience
Extremely undervalued with even tangible book value of around 0.67.Hoping the new strategy comes through in due courseDividend of close over 3-4% can help till then.
Warren Buffett Broke up with Most of His Beloved Banks — Why Is He Still Swooning over This One?