Have held long-term positions in several banks stocks.
Just trying to decide if it’s time to move away from them. Fortunately, they are all green.
But I don’t see the banking industry getting better for the next 24+ months. Is it time to trim my bank stock holdings.
The two positions that I would trim are in WFC and C. Both are long term holdings in both of these companies I’m about even on them. Buy, sell, hold?
Also own large long-term positions in BAC, USB and JPM. Not as concern on these positions as they are very long term holdings with lots of gains.
Would replace the positions being sold with money funds, paying 4.5%.
I think bank stocks are going to be pretty topsy-turvy the rest of this 2023 and perhaps 2024.
[link] [comments] https://www.reddit.com/r/stocks/comments/1268hj1/bank_stocks_buy_sell_hold_which_ones/
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