Update on my banks holdings

All of my BAC shares will be called away in covered call, bulk of Citi shares will be called in covered call. about 35% of WFC got called away today, (today is the ex-dividend, so the call owner wanted that $0.4, :joy: ) and so are the other regionalsā€¦ PNC, TFC

After Jan, I will be left with WFC, KRE. My Financial allocation is going to come down from 40%ā€¦ to whatever.

I am expecting some amount of disappointment in 4Q earnings depending on the interest rates.

But long-term, if the ā€œanimal spirtsā€ are unleashed, lot of loan growth ahead, along with NII stabilization, and regulatory relief. I will get back into banks stocks again. But for now taking profit and reviewing.

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