Thursday, December 1, 2016

#bankstocks trading 20% or more below book val: $MTU $SMFG $MFG $KB $SHG #valuestocks to read more:

Because banks are hard to value on earnings or sales like other stocks, it
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:

Mitsubishi UFJ Financial Group, (symbol: MTU) ended the trading day today
(2016-11-18), at $5.95 a change of -3.72%. The number of shares that
changed hands was 1,271,170, or about 0.8 times the average daily volume in
the stock. The end-of-day market cap was $80,800,000,000, about -12.5% off
the highest price in the last 12 months. The stock has been trading at a
range between $3.86 and $6.8. Looking at its valuation, the stock is now
trading at 0.01 times book value.

Sumitomo Mitsui Financial Group (symbol: SMFG) ended the trading day today
(2016-11-18), at $7.37 a change of -2.64%. The number of shares that
changed hands was 879,342, or about 0.9 times the average daily volume in
the stock. The end-of-day market cap was $50,380,000,000, about -8.67% off
the highest price in the last 12 months. The stock has been trading at a
range between $5.01 and $8.07. Looking at its valuation, the stock is now
trading at 0.01 times book value.

Mizuho Financial Group, Inc. Sp (symbol: MFG) ended the trading day today
(2016-11-18), at $3.54 a change of -2.21%. The number of shares that
changed hands was 175,162, or about 0.7 times the average daily volume in
the stock. The end-of-day market cap was $44,440,000,000, about -17.1% off
the highest price in the last 12 months. The stock has been trading at a
range between $2.69 and $4.27. Looking at its valuation, the stock is now
trading at 0.01 times book value.

KB Financial Group Inc (symbol: KB) ended the trading day today
(2016-11-18), at $34.71 a change of -0.26%. The number of shares that
changed hands was 98,750, or about 0.7 times the average daily volume in
the stock. The end-of-day market cap was $13,090,000,000, about -9.98% off
the highest price in the last 12 months. The stock has been trading at a
range between $22.84 and $38.56. Looking at its valuation, the stock is now
trading at 0.5 times book value.

Shinhan Financial Group Co Ltd (symbol: SHG) ended the trading day today
(2016-11-18), at $37.32 a change of -0.05%. The number of shares that
changed hands was 24,152, or about 0.5 times the average daily volume in
the stock. The end-of-day market cap was $17,940,000,000, about -4.87% off
the highest price in the last 12 months. The stock has been trading at a
range between $29.08 and $39.23. Looking at its valuation, the stock is now
trading at 0.67 times book value.

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