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3. Hello 14 Thousand !

6. The Broad Market Play Min 0:00-4:00, 6:00-8:00 Airtime: Wed 14 Mar 12 | 10:38 AM ET

7.  Financial Position in Best Shape in 3 Decades  Capital hasn’t been this high as a % of assets since 1938  Liquidity at highest levels in 35 years

8.  Earnings Up  Balance Sheets Strong  Psychological Issues Driving Stocks down are dissipating

12.  A simulation technique used on asset and liability portfolios to determine their reactions to different financial situations.  Stress tests are also used to gauge how certain stressors will affect a company or industry. They are usually computer-generated simulation models that test hypothetical scenarios.  Changing factors could include interest rates, lending requirements or unemployment http://www.investopedia.com/terms/s/stresstesting.asp#ixzz1qp5Ys6G8

13. Stress Test News

22. Fed Bank Stress Test Play to min 3:30

23.  Banks with mortgage banking are currently more profitable.  Standard Banks are going to be hurt with a flat yield curve.  Stress Test more rigorous, but designed to be passed  Reasons to buy the banks 1) They’ve passed the stress test 2) Raising Dividends 3) Optimistic first quarter earnings

25.  Engine of the economy  Facilitate the process of economic development  Must have lending in order to have sustainable economic growth  Financials reflect the health of the economy

26.  BAC  JPM  C  WFC

28.  U.S. largest retail bank, home lender, and investment bank  Acquired Merrill for $50 billion in ’09  Warren Buffet bought $5 Billion in shares of BAC last August  Currently seeing resistance at $10 share price

29.  Largest U.S. bank by market capitalization  Bought Bear Sterns & Washington Mutual in ’08  Strongest balance sheet, “Best in Breed”  Increased dividend by $0.05 to $0.35/share starting April 30 th 2012

30.  Largest international banking exposure  U.S. gov’t took a 36% stake in Citi worth $25 billion in ’09  Citi returned back to private ownership in late ’10  Failed stress test on March 13 th 2012

31.  Large retail banking and home lending business  Small investment banking business compared BAC, JPM, and Citi  Bought Wachovia in ’08 – to expand east  Increased earnings over 25% for FY2011

32.  GS  MS  JEF

33.  Consistently put in media spotlight for putting performance ahead of ethics  Up over 37% YTD vs. S&P500 up 12%  Due to diminished profits from employee growth, downsizing is a possibility

34.  UBS  BCS  DB

35.  European Investment Bank headquartered in Frankfurt, Germany  DB was one of the major drivers to collateralized debt obligations (CDO), a major catalyst of the housing bubble

36.  RY  TD  BNS

37.  Dividend yield of almost 4%  Sold RBC Bank (USA) subsidiary to PNC in June of 2011  Announced in March their wealth management division plans to acquire Coutts creating emerging markets exposure

38.  U.S. banks in strongest position to take over the housing market  When economy recovers, credit is needed, it will have to come from banks  They will earn a lot in this position  Banks have the capital and balance sheets to handle it

39.  FAS/FAZ  XLF  XLV- SPDR Health Care

40.  Home Depot (HD)  TJ Max (TJX)