Bank Stocks: Cheap Opportunities for Contrarian Investors.
TL;DR Summary
Following a two-day rally, it is time to take a closer look at bank valuations to consider which stocks may soar from here. One traditional way to measure a bank stock’s valuation is to divide the share price by tangible book value per share. Here’s an example of the problem with quarter-end book values. First Republic Bank is the cheapest stock on the list below, based on its closing price on Tuesday and its tangible book value, calculated by FactSet, as of Dec. 31.
Topics:business#bank-stocks#finance#first-republic-bank#jpmorgan-chase#tangible-book-value#valuation
- 10 bank stocks that look cheap — First Republic heads the list MarketWatch
- Why Big Banks Look Too Cheap to Ignore Barron's
- Most Regional Banks Will Survive, but They Face Headwinds The Motley Fool
- 24 bank stocks that contrarian bottom-feeders can feast on now MarketWatch
- CME Group and Cboe Global Stock Could Benefit From Bank Sector Struggles Barron's
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