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Showing posts with the label Asian Banks

Over the Past Six Months, a Portfolio of Stock in Minority Banks Beat the S&P 500.

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Over the past six months, a portfolio of stock in minority banks beat the S&P 500. The S&P 500 Index (green) returned 74% The Minority Bank portfolio (blue) returned 112%. Much of this performance has been due to the increased attention being paid to the minority banking sector. The portfolio consists of equal weights in the following banks: Symbol Name Ethnic Group BOH Bank of Hawaii Corporation Hispanic BPOP Popular, Inc. Hispanic BYFC Broadway Financial Corporation Black CARV Carver Bancorp, Inc. Black CATY Cathay General Bancorp Asian CZBS CITIZENS BANCSHARES CORP GA Black EWBC East West Bancorp, Inc. Asian HAFC Hanmi Financial Corporation Asian HRBK HARBOR BANKSHARES CORP Black IBOC International Bancshares Corp Hispanic IBWC IBW FINANCIAL CORP Black MFBP M & F BANCORP INC Black PFBC Preferred Bank Hispanic Now, there are a few things to keep in mind: It's hard to actually buy this portfolio, mainly because stock in Black-owned banks is hard to come by. It is thinl

Asian Banks....again...

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We have been tracking Asian Banks for some time. See: Bullish on Asian Banks Originally posted on the Street Insight section of thestreet.com 2/28/2006 4:35 PM EST and Still Bullish on Asian Banks Recently, there has been renewed interest in this sector. We commented for an article by S&P analysts Kelsey Bartlett and Carolyn Duren posted Monday, 02 July 2018 11:52 AM ET, some of which is reproduced below: Deals are heating up among Asian-American designated banks, with two of the nation’s prominent institutions announcing deals since April. In its second deal since 2013, Hanmi Financial Corp. is acquiring Houston-based SWNB Bancorp Inc. Meanwhile, RBB Bancorp is making a play for Brooklyn, N.Y.-based First American International Corp. — its third deal since 2013. The two Los Angeles-based banks remain interested in diving into new markets with high populations of Asian Americans, management said. Hanmi expects the combined entity to have $5.7 billion in total assets, whil