Talking stocks, trading, and investing in general

[venividivicibj]

Sorry but can someone connect the dots between $400M in loans in relation to a $175B in deposits? The run on the bank was precipitated by a multi billion dollar loss on long-duration treasuries so while this issue might be interesting and separately problematic, I don't see how it relates to the run on SVB.

Because you don't actually need all $175B in deposits to stop a bank run?

Regardless- it's more about the trend (200% increase Q/Q), and the red flags that it could mean elsewhere (if they were that lax in this area, what about other stuff, etc). Separately, it turns out their CRO left in early '22, and they never replaced her, so yeah... there were a ton of red flags.

 

[UnFacconable]

Because you don't actually need all $175B in deposits to stop a bank run?

Regardless- it's more about the trend (200% increase Q/Q), and the red flags that it could mean elsewhere (if they were that lax in this area, what about other stuff, etc). Separately, it turns out their CRO left in early '22, and they never replaced her, so yeah... there were a ton of red flags.

SVB had ~8,500 employees and like any large organization of course it had some "red flags." If viewed through that lens, every corporation in America is a risk to fail.

I haven't seen anything to indicate that this bank run was precipitated by anything other than SVB taking far too much duration risk with its treasury portfolio which when understood by certain community members caused them to advocate withdrawals.

SVB built up that portfolio during the tenure of the departed chief risk officer. I don't know why they made that mistake or failed to address it but it doesn't appear that they were alone in doing so and I don't see it being connected to any other minor events. The biggest factor was a significant rise in deposits over a very short period which led to them holding so many long-dated treasuries which then became underwater due to the rate hike cycle.

I'm not sure what the take away is - Wells Fargo had more red flags but there wasn't a run there. First Republic is by all accounts a well-run bank but facing similar issues. If not for the support of the SIBs, it would have failed last week. I can't imagine how many other banks would fail scrutiny if depositors were out looking for red flags. Forbes named SVB a top 20 bank the week it failed and equity research analysts, who should be all over this stuff, had high price targets for the bank and didn't think it was on the verge of failure. SVB's biggest risk was clearly that it was ill-equipped to deal with a run and that's what killed it.

 

[brokencycle]

SVB had ~8,500 employees and like any large organization of course it had some "red flags." If viewed through that lens, every corporation in America is a risk to fail.

So what you're saying:

 

[venividivicibj]

I'm not sure what the take away is - Wells Fargo had more red flags but there wasn't a run there. First Republic is by all accounts a well-run bank but facing similar issues. If not for the support of the SIBs, it would have failed last week. I can't imagine how many other banks would fail scrutiny if depositors were out looking for red flags. Forbes named SVB a top 20 bank the week it failed and equity research analysts, who should be all over this stuff, had high price targets for the bank and didn't think it was on the verge of failure. SVB's biggest risk was clearly that it was ill-equipped to deal with a run and that's what killed it.

??? Wells is 'too big to fail', so it's backstopped no matter what. Also, it has so much more $$$ stacked up that it doesn't matter. Plus, the type of deposits at wells are very different - much more spread out, less 'density' (in $/depositor).

Please don't pretend a 'Forbes top 20' means anything. Forbes also had SBF, Elizabeth Holmes, etc on their 'best of' rankings. Equity research (and credit angencies) have proven to be lagging indicators (remember when S&P had Lehmans as a 'A' grade until 6 days before their collapse)

Doing a 'all banks have red flags' is a weird hill to die on.

Are we saying that main factor of the collapse was probably the duration risk? Most likely. But it's also not necessarily a cause, but more a symptom of a lazy and poor risk culture that has also shown red flags in other areas.

 

[Omega Male]

Proper central banker. Not like these pussies nowadays.

 

[Texasmade]

Proper central banker. Not like these pussies nowadays.

Alpha as phuck

 

[UnFacconable]

??? Wells is 'too big to fail', so it's backstopped no matter what. Also, it has so much more $$$ stacked up that it doesn't matter. Plus, the type of deposits at wells are very different - much more spread out, less 'density' (in $/depositor).

Please don't pretend a 'Forbes top 20' means anything. Forbes also had SBF, Elizabeth Holmes, etc on their 'best of' rankings. Equity research (and credit angencies) have proven to be lagging indicators (remember when S&P had Lehmans as a 'A' grade until 6 days before their collapse)

Doing a 'all banks have red flags' is a weird hill to die on.

Are we saying that main factor of the collapse was probably the duration risk? Most likely. But it's also not necessarily a cause, but more a symptom of a lazy and poor risk culture that has also shown red flags in other areas.

I see your argument that the insider loans you are referring to when viewed in light of other "red flags" would indicate that SVB wasn't actually a well-run bank. I'm not disagreeing with any of that. I do think it's pretty easy in hindsight to point to things like that but none of these would have caused SVB to fail had they come to light earlier.

My point is that the proximate and but for cause of the failure was inability to stem a bank run. The bank run was caused by SVB holding long-term treasuries and some pretty critical mis-steps at the end (how they raised capital, timing of sale of portfolio, etc.).

The fact that there were unknown relatively minor red flags (like the $400M in loans you are pointing to) didn't cause or contribute to the failure any more than the notion that it was a "woke" bank did.

Wells being backstopped is intended to prevent a run on the bank but doesn't mean that Wells wouldn't have issues if 25% of the deposits walked out the door one afternoon. If the FDIC had announced that SVB was backstopped 1 week earlier, there wouldn't have been a run and SVB would still be around.

FRB is still struggling and I have yet to hear anyone come up with a valid concern about them other than the fact that they had a high percentage of uninsured deposits, do a lot of business in the Bay Area and that bank runs are contagious.

 

[ValidusLA]

So...I get that "Manhattan is dead" and "the office is done" (pff), but looking at VNO....
If they had to turn in every single bit of mortgaged real estate to the bank, they would still have assets over market cap.
What am I not seeing on this thing? Seems massively panic-priced.

 

[jbarwick]

So...I get that "Manhattan is dead" and "the office is done" (pff), but looking at VNO....
If they had to turn in every single bit of mortgaged real estate to the bank, they would still have assets over market cap.
What am I not seeing on this thing? Seems massively panic-priced.

Talk about a yield at these prices. Who is the guy that buys EVERY dividend stock known to man?

 

[Texasmade]

Talk about a yield at these prices. Who is the guy that buys EVERY dividend stock known to man?

@amerikajinda

 

[amerikajinda]

Talk about a yield at these prices. Who is the guy that buys EVERY dividend stock known to man?

That would be me!

Current holdings:

Symbol	Description	Div yield
ABBV	ABBVIE INC COM	3.85%​
AFL	AFLAC INC COM	2.66%​
ALSN	ALLISON TRANSMISSION HLDGS INC COM	2.13%​
ALLY	ALLY FINANCIAL INC COM	4.89%​
MO	ALTRIA GROUP INC COM	8.33%​
AIG	AMER INTL GRP INC COM	2.63%​
AMP	AMERIPRISE FINANCIAL INC COM	1.69%​
AMGN	AMGEN INC COM	3.71%​
DIVO	AMPLIFY ETF TR CWP ENHANCED DIV ETF	4.93%​
IDVO	AMPLIFY ETF TR INTERNATIONAL ENHANCED DVND	2.97%​
ADM	ARCHER-DANIELS-MIDLAND CO COM	2.34%​
BCH	BANCO DE CHILE ADR SPONSORED	11.18%​
BAC	BANK OF AMERICA CORPORATION COM	3.18%​
BNS	BANK OF NOVA SCOTIA COM	6.20%​
BBY	BEST BUY CO INC COM	4.85%​
BHP	BHP GROUP LTD ADR SPONSORED	6.19%​
BSM	BLACK STONE MINERALS LP COM UNIT REPSTG LTD PARTNER	12.92%​
HRB	BLOCK (H & R) INC COM	3.39%​
BAH	BOOZ ALLEN HAMILTON HLDG CORP COM CL A	2.08%​
BP	BP ADR SPONSORED	4.29%​
BFH	BREAD FINANCIAL HOLDINGS INC COM	2.85%​
BKE	BUCKLE COM	4.03%​
CM	CANADIAN IMPERIAL BANK OF COMM COM	5.93%​
CNQ	CANADIAN NATURAL RESOURCES LTD COM	5.06%​
CASS	CASS INFORMATION SYSTEMS COM	2.58%​
CF	CF INDUSTRIES HOLDINGS INC COM	2.25%​
CVX	CHEVRON CORPORATION COM	3.87%​
CNO	CNO FINANCIAL GROUP INC COM	2.64%​
CL	COLGATE-PALMOLIVE CO COM	2.66%​
CIX	COMPX INTERNATIONAL INC COM CL A	5.43%​
COP	CONOCOPHILLIPS COM	1.97%​
CVS	CVS HEALTH CORPORATION COM	3.25%​
DKS	DICKS SPORTING GOODS INC COM	2.81%​
DFS	DISCOVER FINANCIAL SERVICES COM	2.53%​
DPZ	DOMINOS PIZZA INC COM	1.55%​
DOW	DOW INC COM	5.45%​
DHI	DR HORTON INC COM	1.04%​
DX	DYNEX CAPITAL INC COM	13.51%​
EGLE	EAGLE BULK SHIPPING INC COM	5.20%​
EMN	EASTMAN CHEMICAL CO COM	3.97%​
E	ENI SPA ADR SPONSORED	6.93%​
EBF	ENNIS INC COM	4.73%​
EPD	ENTERPRISE PRODS PARTNERS L P COM UNITS REP LIM PART INT	7.86%​
EOG	EOG RESOURCES INC COM	3.12%​
ETD	ETHAN ALLEN INTERIORS INC COM	4.75%​
XOM	EXXON MOBIL CORPORATION COM	3.48%​
FSTA	FIDELITY COVINGTON TRUST CONSMR STAPLES ETF	2.36%​
FDVV	FIDELITY COVINGTON TRUST HIGH DIVID ETF	3.96%​
FENY	FIDELITY COVINGTON TRUST MSCI ENERGY IDX ETF	3.91%​
FNF	FIDELITY NATIONAL FINANCIAL COM	5.30%​
FBP	FIRST BANCORP PUERTO RICO COM	4.96%​
TDIV	FIRST TR EXCHANGE TRADED FD VI NASD TECH DIV ETF	2.34%​
RDVY	FIRST TR EXCHANGE TRADED FD VI RISNG DIVD ACHIV ETF	2.23%​
FDL	FIRST TST MORNINGS SHS ETF	3.83%​
FUNC	FIRST UNITED CORP COM	4.61%​
QDF	FLEXSHARES TRUST QUALT DIVD IDX ETF	2.39%​
FF	FUTUREFUEL CORP COM	3.34%​
GILD	GILEAD SCIENCES INC COM	3.86%​
GSL	GLOBAL SHIP LEASE INC COM CL A	8.30%​
DJIA	GLOBAL X FDS DOW 30 COVERED CALL ETF	10.54%​
QDIV	GLOBAL X FDS S&P 500 QLT ETF	3.35%​
GOGL	GOLDEN OCEAN GROUP LTD COM	8.68%​
HCKT	HACKETT GROUP INC COM	2.51%​
HVT	HAVERTY FURNITURE COS INC COM	3.60%​
HSII	HEIDRICK & STRUGGLES COM	1.99%​
HMST	HOMESTREET INC COM	7.83%​
HLI	HOULIHAN LOKEY INC COM CL A	2.31%​
HPQ	HP INCORPORATION COM	3.77%​
IMMR	IMMERSION CORP COM	1.48%​
PXI	INVESCO EXCHANGE TRADED FD TR DWA ENERGY MNT ETF	3.96%​
XMMO	INVESCO EXCHANGE TRADED FD TR S&P MDCP MOMNTUM ETF	1.63%​
XMHQ	INVESCO EXCHANGE TRADED FD TR S&P MDCP QUALITY ETF	1.58%​
RTM	INVESCO EXCHANGE TRADED FD TR S&P500 EQL MAT ETF	2.32%​
KBWB	INVESCO EXCHANGE TRADED FUND T KBW BK ETF	3.86%​
DGRO	ISHARES TRUST CORE DIV GRWTH ETF	2.42%​
HDV	ISHARES TRUST CORE HIGH DV ETF	3.77%​
IXJ	ISHARES TRUST GLOB HLTHCRE ETF	1.23%​
IXP	ISHARES TRUST GLOBAL COMM SERVICES ETF	1.27%​
IXC	ISHARES TRUST GLOBAL ENERG ETF	5.13%​
IDV	ISHARES TRUST INTL SEL DIV ETF	7.36%​
IYM	ISHARES TRUST U.S. BAS MTL ETF	2.12%​
IYK	ISHARES TRUST U.S. CONSUMER STAPLES ETF	2.27%​
IYG	ISHARES TRUST U.S. FIN SVC ETF	2.21%​
IHE	ISHARES TRUST U.S. PHARMA ETF	2.18%​
IAI	ISHARES TRUST US BR DEL SE ETF	2.28%​
IAT	ISHARES TRUST US REGNL BKS ETF	4.30%​
JPM	JP MORGAN CHASE & CO COM	3.15%​
BBEU	JP MORGAN ETF TRUST BETABUILDERS EUROPE ETF NEW	4.33%​
BBJP	JP MORGAN ETF TRUST BETABUILDERS JAPAN ETF NEW	1.46%​
JEPI	JP MORGAN ETF TRUST EQUITY PREMIUM INCOME ETF	12.08%​
KEY	KEYCORP COM	6.80%​
KFRC	KFORCE.COM INC COM	2.34%​
KRO	KRONOS WORLDWIDE INC COM	8.74%​
KLIC	KULICKE & SOFFA INDUSTRIES INC COM	1.47%​
LCII	LCI INDUSTRIES COM	4.00%​
LEN	LENNAR CORP COM CL A	1.46%​
LECO	LINCOLN ELECTRIC HLDGS INC COM	1.57%​
LMT	LOCKHEED MARTIN CORP COM	2.56%​
LOW	LOWE S COMPANIES INC COM	2.19%​
MPC	MARATHON PETROLEUM CORP COM	2.36%​
MRK	MERCK & CO INC COM	2.80%​
MTG	MGIC INVESTMENT CORP COM	3.20%​
MLI	MUELLER INDUSTRIES INC COM	1.66%​
NVS	NOVARTIS AG ADR SPONSORED	4.15%​
NUS	NU SKIN ENTERPRISES INC COM CL A	4.09%​
QQQX	NUVEEN NASDAQ 100 DYNAMIC OVWT COM SHS	7.26%​
OMF	ONEMAIN HLDGS INC COM	11.62%​
PWOD	PENNS WOODS BANCORP INC COM	5.59%​
PAG	PENSKE AUTOMOTIVE GROUP INC COM	1.83%​
PFE	PFIZER INC COM	4.10%​
PM	PHILIP MORRIS INTL INC COM	5.50%​
PNC	PNC FINANCIAL SERVICES GROUP COM	4.82%​
BPOP	POPULAR INC COM	4.22%​
TROW	PRICE T ROWE GROUPS COM	4.51%​
TDV	PROSHARES TRUST S&P TECH DIVIDEN ETF	1.57%​
RGP	RESOURCES CONNECTION INC COM	3.20%​
RITM	RITHM CAPITAL CORP COM NPV	12.90%​
RHI	ROBERT HALF INTERNATIONAL INC COM	2.57%​
RY	ROYAL BANK OF CANADA COM	4.13%​
RYI	RYERSON HOLDING CORP COM	1.95%​
SCHW	SCHWAB (CHARLES) CORP COM	1.78%​
SCHD	SCHWAB STRATEGIC TR US DIVIDEND EQ ETF	3.75%​
STX	SEAGATE TECHONOLOGY HLDG COM	4.63%​
XLP	SELECT SECTOR SPDR TRUST SBI CONS STPLS ETF	2.57%​
XLV	SELECT SECTOR SPDR TRUST SBI HEALTHCARE ETF	1.63%​
SLM	SLM CORP COM	3.67%​
SNA	SNAP-ON INC COM	2.77%​
ONEY	SPDR RUSSELL YIELD ETF	3.43%​
SBLK	STAR BULK CARRIERS CORP COM	11.78%​
SYF	SYNCHRONY FINANCIAL COM	3.18%​
TSM	TAIWAN SEMICONDUCTOR MANUFACTU ADR SPONSORED	1.97%​
THO	THOR INDUSTRIES COM	2.32%​
TTE	TOTAL SE ADR SPONSORED	5.01%​
TRV	TRAVELERS COMPANIES INC COM	2.23%​
TRTN	TRITON INTL LTD COM CL A	4.59%​
TWO	TWO HARBORS INVESMENT CORP COM USD0.01(POST REV SPLIT)	17.45%​
TSN	TYSON FOODS INC COM CL A	3.36%​
UL	UNILEVER PLC ADR SPONSORED	3.61%​
UPS	UNITED PARCEL SERVICE INC COM CL B	3.49%​
UBFO	UNITED SECURITY BS COM	7.03%​
DURA	VANECK ETF TRUST DURABLE HIGH DIVIDEND ETF	3.19%​
PPH	VANECK ETF TRUST PHARMACEUTICAL ETF	1.61%​
VDC	VANGUARD CONSUM STP ETF	2.43%​
VIG	VANGUARD DIV APP ETF	2.00%​
VPL	VANGUARD FTSE PACIFIC ETF	2.84%​
VYM	VANGUARD HIGH DIV YLD ETF	3.26%​
VIGI	VANGUARD INTL DVD ETF	2.15%​
VYMI	VANGUARD INTL HIGH ETF	4.65%​
CDC	VICTORY PORTFOLIOS II VCSHS US EQ INCM ETF	3.90%​
VSMV	VICTORY PORTFOLIOS II VICTORYSHS US ETF	2.09%​
WABC	WESTAMERICA BANCORP COM	3.58%​
WSM	WILLIAMS-SONOMA INC COM	3.02%​
DHS	WISDOMTREE TRUST US HIGH DIVIDEND ETF	3.91%​
DLN	WISDOMTREE TRUST US LARGECAP DIVD ETF	2.71%​
DGRW	WISDOMTREE TRUST US QTLY DIV GRT ETF	2.12%​
DTD	WISDOMTREE TRUST US TOTAL DIVIDND ETF	2.78%​

 

[brokencycle]

That would be me!

Current holdings:

Symbol	Description	Div yield
ABBV	ABBVIE INC COM	3.85%​
AFL	AFLAC INC COM	2.66%​
ALSN	ALLISON TRANSMISSION HLDGS INC COM	2.13%​
ALLY	ALLY FINANCIAL INC COM	4.89%​
MO	ALTRIA GROUP INC COM	8.33%​
AIG	AMER INTL GRP INC COM	2.63%​
AMP	AMERIPRISE FINANCIAL INC COM	1.69%​
AMGN	AMGEN INC COM	3.71%​
DIVO	AMPLIFY ETF TR CWP ENHANCED DIV ETF	4.93%​
IDVO	AMPLIFY ETF TR INTERNATIONAL ENHANCED DVND	2.97%​
ADM	ARCHER-DANIELS-MIDLAND CO COM	2.34%​
BCH	BANCO DE CHILE ADR SPONSORED	11.18%​
BAC	BANK OF AMERICA CORPORATION COM	3.18%​
BNS	BANK OF NOVA SCOTIA COM	6.20%​
BBY	BEST BUY CO INC COM	4.85%​
BHP	BHP GROUP LTD ADR SPONSORED	6.19%​
BSM	BLACK STONE MINERALS LP COM UNIT REPSTG LTD PARTNER	12.92%​
HRB	BLOCK (H & R) INC COM	3.39%​
BAH	BOOZ ALLEN HAMILTON HLDG CORP COM CL A	2.08%​
BP	BP ADR SPONSORED	4.29%​
BFH	BREAD FINANCIAL HOLDINGS INC COM	2.85%​
BKE	BUCKLE COM	4.03%​
CM	CANADIAN IMPERIAL BANK OF COMM COM	5.93%​
CNQ	CANADIAN NATURAL RESOURCES LTD COM	5.06%​
CASS	CASS INFORMATION SYSTEMS COM	2.58%​
CF	CF INDUSTRIES HOLDINGS INC COM	2.25%​
CVX	CHEVRON CORPORATION COM	3.87%​
CNO	CNO FINANCIAL GROUP INC COM	2.64%​
CL	COLGATE-PALMOLIVE CO COM	2.66%​
CIX	COMPX INTERNATIONAL INC COM CL A	5.43%​
COP	CONOCOPHILLIPS COM	1.97%​
CVS	CVS HEALTH CORPORATION COM	3.25%​
DKS	DICKS SPORTING GOODS INC COM	2.81%​
DFS	DISCOVER FINANCIAL SERVICES COM	2.53%​
DPZ	DOMINOS PIZZA INC COM	1.55%​
DOW	DOW INC COM	5.45%​
DHI	DR HORTON INC COM	1.04%​
DX	DYNEX CAPITAL INC COM	13.51%​
EGLE	EAGLE BULK SHIPPING INC COM	5.20%​
EMN	EASTMAN CHEMICAL CO COM	3.97%​
E	ENI SPA ADR SPONSORED	6.93%​
EBF	ENNIS INC COM	4.73%​
EPD	ENTERPRISE PRODS PARTNERS L P COM UNITS REP LIM PART INT	7.86%​
EOG	EOG RESOURCES INC COM	3.12%​
ETD	ETHAN ALLEN INTERIORS INC COM	4.75%​
XOM	EXXON MOBIL CORPORATION COM	3.48%​
FSTA	FIDELITY COVINGTON TRUST CONSMR STAPLES ETF	2.36%​
FDVV	FIDELITY COVINGTON TRUST HIGH DIVID ETF	3.96%​
FENY	FIDELITY COVINGTON TRUST MSCI ENERGY IDX ETF	3.91%​
FNF	FIDELITY NATIONAL FINANCIAL COM	5.30%​
FBP	FIRST BANCORP PUERTO RICO COM	4.96%​
TDIV	FIRST TR EXCHANGE TRADED FD VI NASD TECH DIV ETF	2.34%​
RDVY	FIRST TR EXCHANGE TRADED FD VI RISNG DIVD ACHIV ETF	2.23%​
FDL	FIRST TST MORNINGS SHS ETF	3.83%​
FUNC	FIRST UNITED CORP COM	4.61%​
QDF	FLEXSHARES TRUST QUALT DIVD IDX ETF	2.39%​
FF	FUTUREFUEL CORP COM	3.34%​
GILD	GILEAD SCIENCES INC COM	3.86%​
GSL	GLOBAL SHIP LEASE INC COM CL A	8.30%​
DJIA	GLOBAL X FDS DOW 30 COVERED CALL ETF	10.54%​
QDIV	GLOBAL X FDS S&P 500 QLT ETF	3.35%​
GOGL	GOLDEN OCEAN GROUP LTD COM	8.68%​
HCKT	HACKETT GROUP INC COM	2.51%​
HVT	HAVERTY FURNITURE COS INC COM	3.60%​
HSII	HEIDRICK & STRUGGLES COM	1.99%​
HMST	HOMESTREET INC COM	7.83%​
HLI	HOULIHAN LOKEY INC COM CL A	2.31%​
HPQ	HP INCORPORATION COM	3.77%​
IMMR	IMMERSION CORP COM	1.48%​
PXI	INVESCO EXCHANGE TRADED FD TR DWA ENERGY MNT ETF	3.96%​
XMMO	INVESCO EXCHANGE TRADED FD TR S&P MDCP MOMNTUM ETF	1.63%​
XMHQ	INVESCO EXCHANGE TRADED FD TR S&P MDCP QUALITY ETF	1.58%​
RTM	INVESCO EXCHANGE TRADED FD TR S&P500 EQL MAT ETF	2.32%​
KBWB	INVESCO EXCHANGE TRADED FUND T KBW BK ETF	3.86%​
DGRO	ISHARES TRUST CORE DIV GRWTH ETF	2.42%​
HDV	ISHARES TRUST CORE HIGH DV ETF	3.77%​
IXJ	ISHARES TRUST GLOB HLTHCRE ETF	1.23%​
IXP	ISHARES TRUST GLOBAL COMM SERVICES ETF	1.27%​
IXC	ISHARES TRUST GLOBAL ENERG ETF	5.13%​
IDV	ISHARES TRUST INTL SEL DIV ETF	7.36%​
IYM	ISHARES TRUST U.S. BAS MTL ETF	2.12%​
IYK	ISHARES TRUST U.S. CONSUMER STAPLES ETF	2.27%​
IYG	ISHARES TRUST U.S. FIN SVC ETF	2.21%​
IHE	ISHARES TRUST U.S. PHARMA ETF	2.18%​
IAI	ISHARES TRUST US BR DEL SE ETF	2.28%​
IAT	ISHARES TRUST US REGNL BKS ETF	4.30%​
JPM	JP MORGAN CHASE & CO COM	3.15%​
BBEU	JP MORGAN ETF TRUST BETABUILDERS EUROPE ETF NEW	4.33%​
BBJP	JP MORGAN ETF TRUST BETABUILDERS JAPAN ETF NEW	1.46%​
JEPI	JP MORGAN ETF TRUST EQUITY PREMIUM INCOME ETF	12.08%​
KEY	KEYCORP COM	6.80%​
KFRC	KFORCE.COM INC COM	2.34%​
KRO	KRONOS WORLDWIDE INC COM	8.74%​
KLIC	KULICKE & SOFFA INDUSTRIES INC COM	1.47%​
LCII	LCI INDUSTRIES COM	4.00%​
LEN	LENNAR CORP COM CL A	1.46%​
LECO	LINCOLN ELECTRIC HLDGS INC COM	1.57%​
LMT	LOCKHEED MARTIN CORP COM	2.56%​
LOW	LOWE S COMPANIES INC COM	2.19%​
MPC	MARATHON PETROLEUM CORP COM	2.36%​
MRK	MERCK & CO INC COM	2.80%​
MTG	MGIC INVESTMENT CORP COM	3.20%​
MLI	MUELLER INDUSTRIES INC COM	1.66%​
NVS	NOVARTIS AG ADR SPONSORED	4.15%​
NUS	NU SKIN ENTERPRISES INC COM CL A	4.09%​
QQQX	NUVEEN NASDAQ 100 DYNAMIC OVWT COM SHS	7.26%​
OMF	ONEMAIN HLDGS INC COM	11.62%​
PWOD	PENNS WOODS BANCORP INC COM	5.59%​
PAG	PENSKE AUTOMOTIVE GROUP INC COM	1.83%​
PFE	PFIZER INC COM	4.10%​
PM	PHILIP MORRIS INTL INC COM	5.50%​
PNC	PNC FINANCIAL SERVICES GROUP COM	4.82%​
BPOP	POPULAR INC COM	4.22%​
TROW	PRICE T ROWE GROUPS COM	4.51%​
TDV	PROSHARES TRUST S&P TECH DIVIDEN ETF	1.57%​
RGP	RESOURCES CONNECTION INC COM	3.20%​
RITM	RITHM CAPITAL CORP COM NPV	12.90%​
RHI	ROBERT HALF INTERNATIONAL INC COM	2.57%​
RY	ROYAL BANK OF CANADA COM	4.13%​
RYI	RYERSON HOLDING CORP COM	1.95%​
SCHW	SCHWAB (CHARLES) CORP COM	1.78%​
SCHD	SCHWAB STRATEGIC TR US DIVIDEND EQ ETF	3.75%​
STX	SEAGATE TECHONOLOGY HLDG COM	4.63%​
XLP	SELECT SECTOR SPDR TRUST SBI CONS STPLS ETF	2.57%​
XLV	SELECT SECTOR SPDR TRUST SBI HEALTHCARE ETF	1.63%​
SLM	SLM CORP COM	3.67%​
SNA	SNAP-ON INC COM	2.77%​
ONEY	SPDR RUSSELL YIELD ETF	3.43%​
SBLK	STAR BULK CARRIERS CORP COM	11.78%​
SYF	SYNCHRONY FINANCIAL COM	3.18%​
TSM	TAIWAN SEMICONDUCTOR MANUFACTU ADR SPONSORED	1.97%​
THO	THOR INDUSTRIES COM	2.32%​
TTE	TOTAL SE ADR SPONSORED	5.01%​
TRV	TRAVELERS COMPANIES INC COM	2.23%​
TRTN	TRITON INTL LTD COM CL A	4.59%​
TWO	TWO HARBORS INVESMENT CORP COM USD0.01(POST REV SPLIT)	17.45%​
TSN	TYSON FOODS INC COM CL A	3.36%​
UL	UNILEVER PLC ADR SPONSORED	3.61%​
UPS	UNITED PARCEL SERVICE INC COM CL B	3.49%​
UBFO	UNITED SECURITY BS COM	7.03%​
DURA	VANECK ETF TRUST DURABLE HIGH DIVIDEND ETF	3.19%​
PPH	VANECK ETF TRUST PHARMACEUTICAL ETF	1.61%​
VDC	VANGUARD CONSUM STP ETF	2.43%​
VIG	VANGUARD DIV APP ETF	2.00%​
VPL	VANGUARD FTSE PACIFIC ETF	2.84%​
VYM	VANGUARD HIGH DIV YLD ETF	3.26%​
VIGI	VANGUARD INTL DVD ETF	2.15%​
VYMI	VANGUARD INTL HIGH ETF	4.65%​
CDC	VICTORY PORTFOLIOS II VCSHS US EQ INCM ETF	3.90%​
VSMV	VICTORY PORTFOLIOS II VICTORYSHS US ETF	2.09%​
WABC	WESTAMERICA BANCORP COM	3.58%​
WSM	WILLIAMS-SONOMA INC COM	3.02%​
DHS	WISDOMTREE TRUST US HIGH DIVIDEND ETF	3.91%​
DLN	WISDOMTREE TRUST US LARGECAP DIVD ETF	2.71%​
DGRW	WISDOMTREE TRUST US QTLY DIV GRT ETF	2.12%​
DTD	WISDOMTREE TRUST US TOTAL DIVIDND ETF	2.78%​

You annoy me.

 

[jbarwick]

@Texasmade - Is this the WH password or something?

PWOD

PENNS WOODS BANCORP INC COM

5.59%

 

[venividivicibj]

@Texasmade - Is this the WH password or something?

PWOD

PENNS WOODS BANCORP INC COM

5.59%

That's him testing if you're actually reading the list or not.

You must have missed the

WFFL

WAFFLE HOUSE MEAT ETF

6.69%

 

[Texasmade]

@Texasmade - Is this the WH password or something?

PWOD

PENNS WOODS BANCORP INC COM

5.59%

No, that’s the PW to @beargonefishing fungeon