Well bargains are getting really slim at the present, but I recent identified three companies that present some potential and warrant further research. For those not interested in financial companies you might as well stop here. I personally don't care where the bargains are and financials are one of those remaining areas.
As a disclaimer, all banks are inherently risky. They typically use substantial leverage and a small miscalculation in risk can erase a large portion of the equity in any financial company. This was definitely the fear during the panic and what ultimately caused the failure of Lehman Brothers and Bear Stearns. If confidence is lost in any financial institution it is basically game over. With that out of the way let's dive in.
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