Saturday, January 23, 2016

#bankstocks trading 20% or more below book val: $KB $BPOP $MTU $SHG $C #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:

KB Financial Group Inc (symbol: KB) ended the trading day today
(2016-01-22), at $24.31 a change of 2.75%. The number of shares that
changed hands was 255,889, or about 1.7 times the average daily volume in
the stock. The end-of-day market cap was $9,390,000,000, about -37.52% off
the highest price in the last 12 months. The stock has been trading at a
range between $22.84 and $38.91. Looking at its valuation, the stock is now
trading at 0.39 times book value.

Popular, Inc. (symbol: BPOP) ended the trading day today (2016-01-22), at
$23.41 a change of 2.23%. The number of shares that changed hands was
791,627, or about 1.0 times the average daily volume in the stock. The
end-of-day market cap was $2,420,000,000, about -34.66% off the highest
price in the last 12 months. The stock has been trading at a range between
$22.4 and $35.83. Looking at its valuation, the stock is now trading at
0.47 times book value.

Mitsubishi UFJ Financial Group, (symbol: MTU) ended the trading day today
(2016-01-22), at $5.38 a change of 3.66%. The number of shares that
changed hands was 1,362,914, or about 0.9 times the average daily volume in
the stock. The end-of-day market cap was $74,840,000,000, about -29.4% off
the highest price in the last 12 months. The stock has been trading at a
range between $5.09 and $7.62. Looking at its valuation, the stock is now
trading at 0.56 times book value.

Shinhan Financial Group Co Ltd (symbol: SHG) ended the trading day today
(2016-01-22), at $31.22 a change of 2.9%. The number of shares that
changed hands was 140,352, or about 1.5 times the average daily volume in
the stock. The end-of-day market cap was $14,800,000,000, about -27.19% off
the highest price in the last 12 months. The stock has been trading at a
range between $29.08 and $42.88. Looking at its valuation, the stock is now
trading at 0.57 times book value.

Citigroup, Inc. Common Stock (symbol: C) ended the trading day today
(2016-01-22), at $41.06 a change of 2.27%. The number of shares that
changed hands was 30,172,590, or about 1.5 times the average daily volume
in the stock. The end-of-day market cap was $121,260,000,000, about -32.63%
off the highest price in the last 12 months. The stock has been trading at
a range between $39.44 and $60.95. Looking at its valuation, the stock is
now trading at 0.58 times book value.

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