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:
Mizuho Financial Group, Inc. Sp (symbol: MFG) ended the trading day today
(2016-11-11), at $3.44 a change of 3.3%. The number of shares that changed
hands was 366,155, or about 1.6 times the average daily volume in the
stock. The end-of-day market cap was $43,190,000,000, about -19.44% 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.
Mitsubishi UFJ Financial Group, (symbol: MTU) ended the trading day today
(2016-11-11), at $5.75 a change of 7.68%. The number of shares that
changed hands was 2,946,933, or about 2.0 times the average daily volume in
the stock. The end-of-day market cap was $78,090,000,000, about -16.3% off
the highest price in the last 12 months. The stock has been trading at a
range between $3.86 and $6.87. Looking at its valuation, the stock is now
trading at 0.49 times book value.
KB Financial Group Inc (symbol: KB) ended the trading day today
(2016-11-11), at $36.26 a change of 0.36%. The number of shares that
changed hands was 183,316, or about 1.3 times the average daily volume in
the stock. The end-of-day market cap was $13,680,000,000, about -5.96% 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 0.52 times book value.
Sumitomo Mitsui Financial Group (symbol: SMFG) ended the trading day today
(2016-11-11), at $7.12 a change of 2.74%. The number of shares that
changed hands was 987,010, or about 1.2 times the average daily volume in
the stock. The end-of-day market cap was $48,670,000,000, about -13.06% off
the highest price in the last 12 months. The stock has been trading at a
range between $5.01 and $8.19. Looking at its valuation, the stock is now
trading at 0.56 times book value.
Northern Trust Corporation - De (symbol: NTRSP) ended the trading day today
(2016-11-11), at $25.66 a change of -0.89%. The number of shares that
changed hands was 18,964, or about 0.7 times the average daily volume in
the stock. The end-of-day market cap was $5,810,000,000, about -8.75% off
the highest price in the last 12 months. The stock has been trading at a
range between $25.0 and $28.12. Looking at its valuation, the stock is now
trading at 0.67 times book value.
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