Don't think Citi or Bank of America big... think regional. Did you know a that a quarter isn't even an inch in diameter? Small.
Glacier Bancorp, Inc.
Unless you were shorting WaMu when it was at $40/share (so you know what you're doing), there is no reason to be investing in big banks right now. You might as well head to Vegas and throw it all down on the Roulette table. However, there are some small banks that actually have strong balance sheets and will end up in great position after this financial mess shakes out (not any time soon). One to look at is Glacier Bancorp, Inc. (GBCI). It does a lot of its lending in Wyoming and areas that do not have the 10% unemployment rates seen in California and other struggling states (Wyoming has a lot of cash). It may fall a little more based on news from the banking sector (which will be bad again, like today) but it pays a healthy dividend and has plenty of capital to stay afloat without government help. It was recently downgraded but do these people really know anything? The answer is no. I don't currently have a position.
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