It has 202B of tangible book value, it made 15B last year, yet it is trading for a total of 198B. How do you explain this?
It had a 10% run-up last months but it is still trading for less than it's tangible book value, and most other banks trade for a p/bv of 1 to 1.2 Why is it so low in this sector compared to other sectors?
Submitted September 30, 2017 at 05:55AM by Azerty800 http://ift.tt/2xF7cuk
