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Bank Of Hawaii: Your Vacation From NIM Erosion And From Uncertainty

Bank of Hawaii Corp (NYSE:BOH) is looking more and more like a must own in any portfolio. The bank clearly is an excellent diversifier for the financial segment of portfolios' in that its economy is largely uncorrelated with the broader U.S. or even regional economies. Sure, Hawaii's economy is dependent on tourism, yes, this is true. But with oil pricing down and with at least the appearance of this continuing that could lead to an uptick in air travel which one presumably could connect with a potential uptick in trips to Hawaii. Sumner La Croix, an economics professor at the University of Hawaii in Honolulu, alluded to as much in an interview done with The Washington post in late-December…