sometimes (though not always!) advisable to buy them as they trade well
below their book value, and sell them when they reach parity with book
value again. Here are a few Bank stocks trading 20% or more below book
value today:
Woori Bank American Depositary (symbol: WF) ended the trading day today
(2016-06-24), at $25.28 a change of -6.34%. The number of shares that
changed hands was 15,506, or about 2.2 times the average daily volume in
the stock. The end-of-day market cap was $5,670,000,000, about -10.7% off
the highest price in the last 12 months. The stock has been trading at a
range between $19.99 and $28.31. Looking at its valuation, the stock is now
trading at 0.36 times book value.
Mitsubishi UFJ Financial Group, (symbol: MTU) ended the trading day today
(2016-06-24), at $4.67 a change of -4.89%. The number of shares that
changed hands was 1,248,597, or about 1.0 times the average daily volume in
the stock. The end-of-day market cap was $64,390,000,000, about -37.57% off
the highest price in the last 12 months. The stock has been trading at a
range between $3.86 and $7.48. Looking at its valuation, the stock is now
trading at 0.46 times book value.
KB Financial Group Inc (symbol: KB) ended the trading day today
(2016-06-24), at $28.08 a change of -6.96%. The number of shares that
changed hands was 79,828, or about 0.6 times the average daily volume in
the stock. The end-of-day market cap was $10,730,000,000, about -16.43% off
the highest price in the last 12 months. The stock has been trading at a
range between $22.84 and $33.6. Looking at its valuation, the stock is now
trading at 0.47 times book value.
Mizuho Financial Group, Inc. Sp (symbol: MFG) ended the trading day today
(2016-06-24), at $3.02 a change of -3.21%. The number of shares that
changed hands was 378,085, or about 0.5 times the average daily volume in
the stock. The end-of-day market cap was $37,780,000,000, about -32.89% off
the highest price in the last 12 months. The stock has been trading at a
range between $2.69 and $4.5. Looking at its valuation, the stock is now
trading at 0.5 times book value.
Sumitomo Mitsui Financial Group (symbol: SMFG) ended the trading day today
(2016-06-24), at $5.86 a change of -5.79%. The number of shares that
changed hands was 2,242,323, or about 1.2 times the average daily volume in
the stock. The end-of-day market cap was $40,060,000,000, about -36.85% off
the highest price in the last 12 months. The stock has been trading at a
range between $5.01 and $9.28. Looking at its valuation, the stock is now
trading at 0.5 times book value.
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