The stock is still double than prepandemic level. The only addition to the portfolio is retail banking. The retail business is going down the drain with increasing rate as no one is making loans anymore. I think even with much optimism stocks valuation is still between 200 and 250. It's just how long banks are going to deny the facts.
Surprised the stock is not down 20% after the latest losses in revenue from consumer banking, trading and asset management fees and increases in operating expenses. The stock should be more in line with a price of $305. Do not see any upside despite layoffs as they have those every year!!!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Like