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:
Woori Bank American Depositary (symbol: WF) ended the trading day today
(2015-10-02), at $24.08 a change of 0.25%. The number of shares that
changed hands was 354, or about 0.0 times the average daily volume in the
stock. The end-of-day market cap was $5,400,000,000, about -33.54% off the
highest price in the last 12 months. The stock has been trading at a range
between $21.64 and $36.23. Looking at its valuation, the stock is now
trading at 0.34 times book value.
Deutsche Bank AG Common Stock (symbol: DB) ended the trading day today
(2015-10-02), at $27.14 a change of 2.34%. The number of shares that
changed hands was 2,922,346, or about 1.3 times the average daily volume in
the stock. The end-of-day market cap was $37,420,000,000, about -25.05% off
the highest price in the last 12 months. The stock has been trading at a
range between $26.04 and $36.21. Looking at its valuation, the stock is now
trading at 0.43 times book value.
KB Financial Group Inc (symbol: KB) ended the trading day today
(2015-10-02), at $29.51 a change of -0.57%. The number of shares that
changed hands was 164,019, or about 1.1 times the average daily volume in
the stock. The end-of-day market cap was $11,400,000,000, about -27.55% off
the highest price in the last 12 months. The stock has been trading at a
range between $27.93 and $40.73. Looking at its valuation, the stock is now
trading at 0.49 times book value.
Banco Santander Brasil SA Ameri (symbol: BSBR) ended the trading day today
(2015-10-02), at $3.38 a change of 5.63%. The number of shares that
changed hands was 1,201,294, or about 0.9 times the average daily volume in
the stock. The end-of-day market cap was $12,750,000,000, about -48.24% off
the highest price in the last 12 months. The stock has been trading at a
range between $2.96 and $6.53. Looking at its valuation, the stock is now
trading at 0.59 times book value.
Barclays PLC Common Stock (symbol: BCS) ended the trading day today
(2015-10-02), at $15.39 a change of 2.53%. The number of shares that
changed hands was 2,751,899, or about 1.0 times the average daily volume in
the stock. The end-of-day market cap was $56,030,000,000, about -14.74% off
the highest price in the last 12 months. The stock has been trading at a
range between $13.27 and $18.05. Looking at its valuation, the stock is now
trading at 0.61 times book value.
No comments:
Post a Comment