Fast Money's Bank Trade
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Date updated:08-06-2008

The traders offered up some bank trades following the news that Tosca, a $7 billion hedge fund took a 7% stake in Washington Mutual.

symbol name last price % change open
  • +
  • WM
    Waste Mgmt Inc
  • $32.30
  • +0.40%
  • $32.13

If you look at the risk reward around Washington Mutual (WM), I think it’s ridiculous, just ridiculous, says an exaspirated Karen Finerman. Unless they go out of business (which she thinks is unlikely) there’s a lot of money to be made in this stock.

People owning WM also tend to own: DLSDOWDVYGEINTCMATUST

TheStreet.com Rating: B- What is this?

  • +
  • MER
    11.88
  • $11.78
  • 0.00
  • $11.78

In the financial services sector I’d look at Merrill for a short term trade, adds Guy Adami.

People owning MER also tend to own: AIGALLAXPBACBRK-BCCOF

TheStreet.com Rating: No Rating What is this?

  • +
  • DB
    Deutsche Bank Ag
  • $73.38
  • -2.69%
  • $73.29

I’m more bullish on Deutsche Bank (DB), HSBC (HBC), and Barclay’s (BCS)says Tim Seymour. It doesn’t seem their write-downs will be that bad.

People owning DB also tend to own: AGUAZBMABOLBPOPBZHCN

TheStreet.com Rating: D What is this?

  • +
  • HBC
    Hsbc Hldgs Plc Ad
  • $60.91
  • -0.94%
  • $60.66

I’m more bullish on Deutsche Bank (DB), HSBC (HBC), and Barclay’s (BCS)says Tim Seymour. It doesn’t seem their write-downs will be that bad.

People owning HBC also tend to own: ACFBMYBRK-ABRK-BCNQDJCODUK

TheStreet.com Rating: No Rating What is this?

  • +
  • BCS
    Barclays Plc Adr
  • $20.27
  • -2.36%
  • $20.07

I’m more bullish on Deutsche Bank (DB), HSBC (HBC), and Barclay’s (BCS)says Tim Seymour. It doesn’t seem their write-downs will be that bad.

People owning BCS also tend to own: BAMCDMONYXSHLDAAUKAKZOY

TheStreet.com Rating: No Rating What is this?

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