WaFd Looks Cheap Enough to Back a Mid-Term Rebound
WaFd (WAFD) has lagged peers recently but still trades at single-digit P/E relative to earnings power, pays a 3%-plus yield and sits only a few dollars below its recent 52-week high. For traders willing to accept regional-bank refrains on asset quality and expense pressure, a mid-term long makes sense: enter near current levels, keep a tight stop a…