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发表于 2010-5-5 07:53 AM
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金发美女总是在右侧适时出现
May 5 (Bloomberg) -- U.S. lenders face “tough” comparisons when they report second-quarter results and higher dividends aren’t likely because of increasing capital requirements, according to banking analyst Meredith Whitney.
Banks benefited from write-ups tied to fixed-income assets as consumer banking lagged in the first quarter, Whitney said today at the Bloomberg Markets Global Hedge Fund and Investor Summit in New York.
“A vast majority of last year’s profits for the banks were government-induced,” Whitney said. “The government is putting a life guard on duty so that people will play in the pool.”
Banks are unfairly “teasing” investors by discussing higher dividends because they face demands from regulators to hold on to capital, said Whitney, known for her 2008 forecast that Citigroup Inc. would cut its dividend.
“I’ve been amazed to see the demand come back time and time again for financial institutions that are still not paying a dividend and still may not be able to for a while,” Whitney said.
While she doesn’t see “earnings power” at banks, Whitney said she might be a buyer if prices were lower. “I’m always a sucker for valuations,” said Whitney, the founder and chief executive officer of Meredith Whitney Advisory Group in New York. |
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狗仔卡
发表于 2010-5-5 07:47 AM
