06-05-2016, 02:48 PM
(06-04-2016, 11:42 PM)EricL Wrote: Have considered adding to my AMP position with next available cash, but otherwise I am not too hot on financials right now. Between low rates and high regulations, it just seems that banks are struggling to grow earnings much in this environment.
High regulations should actually serve to keep out new entrants as competition, similar to the tobacco companies.
For example if XYZ Internet bank wants to go into business, they will have to spend millions and millions of dollars on compliance etc. which will make it too costly..Should benefit the incumbents.