Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of First Midwest Bancorp
So what: The fourth quarter was quite the disappointment, coming in at a $0.41 loss versus the $0.03 loss analysts expected. Underperforming land and construction loans were the main reasons for the large loss.
Now what: Regional banks are seeing a much more drawn out recovery than their larger rivals, and First Midwest Bancorp's results are showing the weakness. Instead of speculating on a regional bank like this, I will stick with bigger rivals who have returned to profitability. My picks, Wells Fargo
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