Many large publicly traded bank holding companies that have posted decent earnings during 2008 still don't look like particularly attractive stocks right now, once you look under the hood.
The federal government's bailout of Citigroup (C Quote) on Monday lifted financial stocks across the board. The more gentle terms for investors, following punitive bailout efforts for Fannie Mae (FNM Quote), Freddie Mac (FRE Quote), convinced some that now is a good time to dip a big toe in the water and look for potential bargains among holding companies that have managed to hold things together.
Banks have taken a beating this year. The Federal Deposit Insurance Corp. on Tuesday announced another bad quarter for bank and thrift earnings, with a combined $1.7 billion in net income for the industry for the third quarter, compared to $5 billion in the second quarter, and $28.7 billion in the third quarter of 2007. ...
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