[Events] Do you think it is time to 'buy the dip' in bank stocks?

TigerEvents
2023-03-14

Shares of $First Republic Bank(FRC)$ were up 20% in early Tuesday trading as concern over the state of the regional bank appeared to ease after a day of heavy selling.

It was one of the best-performing names in the$SPDR S&P Regional Banking ETF(KRE)$ which was up 5%. Shares of other regional banks also surged before the bell. $PacWest(PACW)$ jumped nearly 30%, $KeyCorp(KEY)$ gained 15%, and $Zions Bancorporation NA(ZIONO)$ advanced 10%.

After a bruising few days that saw Silicon Valley Bank,Signature Bank, and Silvergate Bankall all shutter. First Republic led the way lower, losing 61.8%. Executive Chairman Jim Herbert said that the bank was not seeing big outflows and was operating as usual. The bank also announced Sunday it received additional liquidity from JPMorgan and the Federal Reserve.

Do you think it is time to 'buy the dip' in bank stocks? Are you risking catching a falling knife? Please share your thoughts regarding bank stocks.

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Share your thoughts regarding bank stocks in the comments section below. Please feel free to share your positions if you trade bank stocks as well.


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⏰Event Time

14th March 2023- 21st March 2023

# 💰 Stocks to watch today?(23 Dec)

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Comment（147）

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  • LMSunshine
    ·2023-03-14
    TOP
    I think it’s safe to buy the dip for big 🇺🇸 bank stocks like BAC because Buffett will add shares with the huge loads of cash BRK is holding if its a good price as he’s been a long term supporter.Started auto-invest for BAC just before the unexpected bank saga😅 but shall continue and test the idea of DCA.THX loads @TigerEvents 4 this IMPT discussion❣️THX @Success88 for sharing🥰Coins
    @SR050321 @CYKuan @rL @Universe宇宙 @melson @Mrzorro @GoodLife99 @SPOT_ON @Kaixiang @BenjiFuji @RDPD富爸穷爸 @SirBahamut @b1uesky @MHh @PJoo @Pepermintpat @RiciaYang @jat @Omega88 @爱上投资学 @Zeniv @Elon2 @Yonhuat @Joker_Smile @grizzlylee @FrankieRed @spkek @snoopy123 @psk @pekss @amroui @Ericdao @StickyRice @StarLuck @Shyon @kungpao @CL Wong @Derrick 1234 @MeowKitty @Thonyaunn @紫南 @Zarkness @Ah_Meng @Ratt @Tigress02 @Viv22 @aunteenat @airui @0QH @Cris0 @Brocco @AhGong @deal2deal @Ccl2 @Lcc73 @HLPA @WanEH @markele @pipiso @hlw8888 @Huiz84 @Kingcat @Jo_Tan @RedpillBluep @Furore @breAkdaWn @boardy @Cory2 @Soyabean89
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    • Bons: 
      couldn't agree more
      I'm DAC BAC yesterday
      2023-03-15
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    • KaixiangReplying toLMSunshine: 
      Yes, i agree! It’s easy to get trapped in a monster rebound cuz of FOMO. I tend to avoid buying in during a huge day rally
      2023-03-15
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    • LMSunshineReplying toKaixiang: 
      Regional banks can rocket up but can also sell down. I realised there’s more pump and dump recently. Do you think so?
      2023-03-15
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  • Fenger1188
    ·2023-03-14
    TOP
    昨晚第一次尝试买入我的首支银行股$第一共和银行(FRC)$，目前股价大反弹。硅谷银行的破产为开端，美国金融界掀起了一场前所未有的恐慌。银行业“地震”过后，美联储应该不会再激进加息。拜登紧急发声，“政府的迅速行动”应该让美国人相信美国银行系统是安全的。这安了民心。纳税人不会承担任何损失，资金将来自保险基金费用。我会在这个时候选择买入优质的银行股。朋友们请加入 @TigerEvents 活动赢虎币或有机会获得老虎礼物🎁 @AhGong @Bonta @Tigress02 @AliceSam @StarAce @Boo2020 @Yonhuat @Zarkness @MilkTeaBro @MHh @koolgal @LMSunshine @HelenJanet
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    • 逍遥谷古月轩: 
      是的
      2023-03-15
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    • Yan0930: 
      👍🏻👍🏻👍🏻
      2023-03-14
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    • HelenJanet: 
      谢谢分享 👍👍
      2023-03-14
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  • HelenJanet
    ·2023-03-14
    TOP
    Have been using Auto-invest method to slowly average down/DCA my $Bank of America(BAC)$ share. Hopefully the share price can recover soon to change my PnL% from high negative % to a positive %.
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    • Fenger1188: 
      谢谢分享👍🏻👍🏻
      2023-03-15
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    • icycrystal: 
      sure it will, just hang on in there and eventually you'll reap the rewards [USD] [USD] [USD]
      2023-03-14
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    • LMSunshine: 
      Me too buddy❣️
      2023-03-14
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  • Success88
    ·2023-03-14
    TOP
    Yes can buy bank stock $SVB Financial Group(SIVB)$ is just one of case due to Management investing more on gov bonds. I am bulliosh on bank stock esp singapore bank stock like $OVERSEA-CHINESE BANKING CORP(O39.SI)$$DBS GROUP HOLDINGS LTD(D05.SI)$ @TigerEvents
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  • Bons
    ·2023-03-15
    TOP
    it is the time to buy the dip for the big bank like $Bank of America(BAC)$ or $JPMorgan Chase(JPM)$ or any other big bank, since they can tank a sizable bank run and also quite resilient to the Fed rate hike. however, I've warned you that if the Fed rate keep increasing maybe you'll get the dip in the cheaper price at the later time. thus, always buy it while keeping yourselves stay aware to the risk involved in it.
    inviting @Viv22 @LMSunshine @KYHBKO @GoodLife99 @Universe宇宙 @Tigress02 @kungpao @wine18 @Xian789 @cindyft @MTok
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    • Universe宇宙: 
      [ShakeHands] [Like]
      2023-03-16
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    • BonsReplying toKYHBKO: 
      the truth is I really don't want that to happen, since the after effect would be really massive and global. we don't want that to happen in this fragile financial situation in the middle of the recession threat hanging in our throat.
      2023-03-16
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    • KYHBKOReplying toBons: 
      exactly. I am not surprised if the next big collapse can come from the big banks. I doubt that there are only a handful of banks that struggle with the surging interest rates. 
      2023-03-16
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  • icycrystal
    ·2023-03-14
    TOP
    yep, would buy the dip especially those big established banks as they are more stable and managed their portfolio well [Happy] but wouldn't be too aggressive in buying as there's always the unexpected "surprise" element as history has shown… [What]
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    • HelenJanet: 
      Thanks for sharing 👍👍
      2023-03-15
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  • 4ZOEYS
    ·2023-03-14
    TOP
    You may see a bounce back up 40-50% now.. the next few days another bigger bad news about banking is surface, you will regret buying it at the price now.. I’m not sure what will happen next, whether any more bad news coming up, just need to Dyodd
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    • Fenger1188: 
      👍🏻👍🏻
      2023-03-14
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  • Aqa
    ·2023-03-15
    TOP
    Thanks @TigerEvents The S&P 500 rally is on now with the financial sector rallied more than 2% to lead the broader market higher, boosted buy tegiobal bank names that sold off sharply yesterday. As of 10am this morning, the financial sector was on pace for its biggest one-day gain simce Nov, when it surged 5.1%. The regional banks stocks are bouncing back sharply, but how sustainable the move is remains unclear. The US government has done extraordinarily significant backstop to thd fonancial system and depositor safety is guaranteed, which is in the long run a huge positive for the financial sector. But the banks are still at risk this moment. The market is now very volatile sbd it is too soon to declare all clear for the banks. Buy the dip in $American Express(AXP)$ which fell nesrly 5% yesterday, because it shows “strength in uncertain times”, according to Well Fargo that bought the stock on the pullback. Please DYODD. Good Luck!🍀Thanks for tag, comment & like @Success88 @Jadenkho
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  • RDPD富爸穷爸
    ·2023-03-15
    TOP
    I think we can all agree this mini black swan event aka the SVB saga had ended swiftly when FED once again had come to the rescue. Having said that, are the US banks at a cheap valuation now? Maybe the medium and small cap banks are now selling at a bigger discount as compare to the big cap banks. Whether an individual should add US bank stocks to their portfolio still boils down to their risk appetite and level of optimism they have on the banking sector.
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  • equitygenius
    ·2023-03-14
    TOP
    whether to buy or not will depend personal investment objective
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  • Shyon
    ·2023-03-15
    TOP
    I just took profit on my DBS and OCBC few days ago after dead cross is formed in my ema indicator. Will wait for another chance to enter again. @Universe宇宙 @koolgal @LMSunshine @Aqa @rL
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  • fxaw
    ·2023-03-14
    TOP
    I definitely won't buy US banks other than the big four, so I respect those who dare to buy the above mentioned stocks. As the big four bank stocks, I'm buying $Bank of America(BAC)$ and waiting for better SG bank price (3-5% lower then today's end price)
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  • tigjun21
    ·2023-03-14
    TOP
    Worthwhile to DCA $Bank of America(BAC)$ below USD 30, and $Financial Select Sector SPDR Fund(XLF)$ below USD 32. This is an opportunity to buy the bank dip for quality blue-chip mega banks.
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  • Ericdao
    ·2023-03-14
    TOP
    That's really depend on the size n management of the bank. Demise of the smaller bank will ultimately benefit the bigger. Customers after witnessing the fall in sbv will likely relocate their fund to a safer n trustworthy bank which is likely to be the big banks. So slow loading up of the big bank like JP, BOA, Citi is indeed an opportunity
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  • airui
    ·2023-03-15
    TOP
    Yes, check out my post on $Bank of America(BAC)$ below.
    https://tigr.link/1ftx8h

    BAC is one of Buffet's biggest portfolio, thats additional assurance.

    @LMSunshine thank you for tagging

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  • AcidIce
    ·2023-03-15
    TOP
    I strongly feel that it's still too early to jump in, what if another few more prominent banks collapsed also then what? No one saw the effects of this 3 banks collapsed yet!
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  • Kaixiang
    ·2023-03-15
    Need to be selective in which ‘dip’ you are buying. Only well-capitalised banks with strong leadership and robust risk mgmt will be able to weather through the storm. These are your big banks such as JP Morgan, Goldman Sachs etc.
    Personally, I have bought the dip for $Bank of America(BAC)$. With P/B <1 and P/E around 9, it is at one of the lowest valuations in 2-3 years. Looking pretty attractive, and definitely looking to DCA and any further dips.
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    • SPOT_ONReplying toKaixiang: 
      [Surprised] [Surprised] [Surprised]
      2023-03-15
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    • LMSunshine: 
      Same buy buddy❣️
      2023-03-15
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    • HelenJanet: 
      Thanks for sharing 👍👍
      2023-03-15
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  • Jadenkho
    ·2023-03-14

    Come & Join[Allin] [Allin] [Allin] 

    @DiAngel @Fenger1188 @HelenJanet @huaer8497 @rL @koolgal @Aqa @LMSunshine @SirBahamut 

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    • Fenger1188Replying toHelenJanet: 
      👍🏻👍🏻
      2023-03-15
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    • LMSunshine: 
      Thanks buddy ❣️
      2023-03-14
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    • rL: 
      Thk u
      2023-03-14
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  • Jadenkho
    ·2023-03-14
    I would buy the dip if reasonable and then just DCA if it dips more✌️🍀
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    • LMSunshine: 
      Agree❣️
      2023-03-14
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    • Fenger1188: 
      👍🏻👍🏻
      2023-03-14
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  • TigerEvents
    ·2023-04-20
    Congratulations to the following Tiger Friends for receiving 5 Tiger Coins @Jadenkho,@Success88,@Aqa,@Kaixiang,@MeowKitty,@icycrystal,@Zarkness,@KH321,@equitygenius,@highhand,@Thonyaunn,@Derrick 1234,@CL Wong,@airui,@AcidIce,@RDPD富爸穷爸,@4ZOEYS,@Shyon,@Bons,@Zeniv,@Furore,@tigjun21,@Ericdao,@fxaw,@PhilipChow,@AliceSam,@牛市行情走势,@Fenger1188,@tigernoob,@0QH,@AnthonyOng,@TTrade,@HelloKitty55,@tig2021,@DoreamonGo,@Kok,@MasterStonker,@Joker_Smile,@Agxm,@Sandyboy,@Ann Ann,@fortuna,@Kundos,@haoffee,@DWWM,@MaoSheng,@cmetramexs,@Chibichibi,@Jsgoh28,@SmallYang,@Nagoken,@Qing Cai,@StayCalm,@Dodonan,@Huiz84,@ToughCoyote,@deal2deal,@NiceOne,@serenityj,@Boo2020,@KBWSG,@WanEH,@FRC All in,@IAS,@WinSum,@Universe宇宙,@KYHBKO,@Amen555,@亚昆,@tarotsgirl,@phongy 45,@stkwok,@SR050321,@HelenJanet,@SPOT_ON,@xiaochoochoo,@Yan0930,@Ratt,@疯狂虎,@Sunny868,@rL,@逍遥谷古月轩 We will distribute it to you later. You can go to the Tiger Coin Center to check it out.
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