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BHB - Insiders At Quality Reliable Dividend-Paying Banks Buying Shares
Bar Harbor Bankshares Inc.
These are Times that Try Long-Term Bank Investors' Souls
On the eve of the American Revolution, Thomas Paine wrote "These are the times that try men's souls." He easily could have been writing about bank investing over the past 15 years.
So far 2020 has proven a disaster for bank stocks as chart 1 shows. The SPDR Regional Banking ETF (KRE) is down 45% as is the SPDR S&P Bank ETF (KBE). The Financial Select Sector ETF (XLF), in comparison, is booming, down “only” 32% year-to-date. But the XLF