http://online.barrons.com/article/SB50001424052748704468304576627261773829164.html?mod=bol_share_tweet#articleTabs_article%3D0
"The financial industry is in much better shapethqan athe stocks in the sector would lead you to believe. Financials are the worst-performing sector in the S+P 500 Index so far this year, with a decline of 20%, and losses of 40% more in such notable stocks as Bank of America, Citicorp, Goldman Sachs and Morgan Stanley. The S+P is off just 3%."
The stocks in the major banks, regional banks and trust banks, as well as life insurers - look appealing, with many tradeing below tangible book value, a conservative measure of shareholder equity, and at single-digit pric3e/earnings multiples. The stocks are even cheaper based on stated book value ...
"The financial industry is in much better shapethqan athe stocks in the sector would lead you to believe. Financials are the worst-performing sector in the S+P 500 Index so far this year, with a decline of 20%, and losses of 40% more in such notable stocks as Bank of America, Citicorp, Goldman Sachs and Morgan Stanley. The S+P is off just 3%."
The stocks in the major banks, regional banks and trust banks, as well as life insurers - look appealing, with many tradeing below tangible book value, a conservative measure of shareholder equity, and at single-digit pric3e/earnings multiples. The stocks are even cheaper based on stated book value ...
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