Bank stock?

Question

I have some US Bank stock. On June 5th it was $33.52 and closed at $25.74 on Friday, July 11th.

Because of the IndyMac bank failure, is it likely to lose more value next week?

Should I sell this stock?

Answer 1

I assume you mean US Bancorp (USB).

Is it likely to lose more value next week?  Almost certainly.

Should you sell it?  No.  On the surface it looks like one of the healthiest banks out there right now.  It's managing the "credit crisis" well - it didn' write lots of questionable loans like many others and has decent reserves for loan losses.

Warren Buffett's been buying it recently.  It should come out strong whenever the bear ends and in the meantime it's paying a decent dividend.

Answer 2

Personally I would hold on to it for a bit....I have some USB as well and intend to hold onto for a bit longer and hopefully come out on top.

Answer 3

US bank stock are much better than C, WB, banks.

but  banks, investment firms like MER, LEH ARE GETTING WORST EVERY WEEK.

DO NOT SELL US BANK stocks . if you have extra money add more us bank stocks every time it go $3-$5