I trust like everyone here already read the above article or reports
I held onto most of my bank stock through the dividend slashing and downturn, taking quite a beating both income and principal wise for a period. It will be interesting to watch (1) how bank stock prices rise (presumably), in response to improved earnings and also perhaps dividends; and (2) how quickly the dividends return to their levels before the slashing. I figure the latter may be years for BAC and C.
The fraction of my portfolio in bank stocks will however forever (I hope!) remain lower than before this Great Recession. I am guilty of having bought into businesses whose financials I am least able to understand. The rule of diversifying based on risk saved me. "Diversify" is the one piece of advice I have for any amateur who invests or any layperson interviewing financial advisors. I am pretty proud of this, especially since my one eccentric but beloved relative with all the bucks said I should drop the huge position in CDs. Ha. I had a good laugh at the height of the crisis. Since then I have taken some of those CDs, as they matured, and moved them into nuts and bolts, old companies, Ben Graham style. Round 2 of the competition between little Elle and beloved eccentric relative begins. :-)
Hope all are well.