US BANCORP

Insider Buying Week 5-12-23 Prelude to Something but What?

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Insiders are coming out in force to buy regional and community banks.  Normally significant insider buys are met with a predictable market response, a positive bounce between 3%-5%. This is not happening.  There is no urgency, as the stocks, for the most part, are lower than when the “informed investor” purchased the shares.  I like to believe that no one knows more about the business than the people running it, but banks may be a glaring exception to my dogma.  First of all, banks’ balance sheets are complicated and notoriously obtuse.   2008 should serve as an indelible reminder of that. … Read more

Banks rising from the Dead?- not so hot for the Greens Insider Buying Week 4-28-23

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Insiders continue to buy regional and community banks. In most likely a classic case of the baby being thrown out with the bathwater, the KRE, regional bank ETF, showed signs of bottoming but Microsoft and Meta stole the limelight with better-than-expected quarterly earnings. It hasn’t been a good week for the Greens. First, the Chilean government decides they are going to nationalize the country’s lithium reserves. Chile is the world’s second-largest producer of metal essential in electric vehicle batteries. Enphase, the leading inverter and one of the leading battery suppliers to the solar panel industry, swooned 15% on lower-than-expected earnings … Read more