Are Banks Out of the Woods Yet?

The following video is part of our "Motley Fool Conversations" series, in which senior analyst Anand Chokkavelu, CFA, discusses topics around the investing world.

The five largest mortgage servicers settled on foreclosure issues with state and federal authorities for $25 billion. Anand discusses whether the big banks are finally out of the woods.

The financial heavies are getting a lot of press these days. And much of it is negative. But there's one small bank that's flying under the radar. It has some of the best operational numbers you'll ever see. The Motley Fool featured it in its brand-new free report: "The Stocks Only the Smartest Investors Are Buying." We invite you to download a free copy. Just click here.

Anand Chokkavelu owns shares of Bank of America, JPMorgan Chase, Citigroup, and Wells Fargo. The Motley Fool owns shares of Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo and has created a covered strangle position on Wells Fargo. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


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  • Report this Comment On February 18, 2012, at 12:42 PM, TMFBomb wrote:

    Note that in the video I say the settlement happened Thursday...that's Thursday the 9th, not this past Thursday.

    Fool on,

    Anand

  • Report this Comment On February 18, 2012, at 4:30 PM, steveat wrote:

    Can you tell me..worst case scenario how US banks are affected if Greece goes under. I doubt this next bailout package will do anything. I'm curious about worst case scenario what banks will be affected and by how much if any at all?

    Additionally, Italy will be next on the block...sine the Italian economy is MUCH larger than that of Greece. Will it's failure bring about more turmoil in the US banking sector?

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