Below Tangible Book Value Stocks
Today here at PSE, I am releasing an informative piece for traders on some banks that are trading below tangible book value. I realize that there is a difference of opinion on what the true book values of some bank’s actually are, so I will be using numbers off of a research piece from Barclays dated 8/23/11 merely as a guide.
On another note, I will not touch on the controversial book value of Bank of America (BAC:NYSE), mainly because of the vast differences in opinion on the street. Here are some names of other bank stocks that are currently trading below tangible book value:
FITB, KEY, FHN Below Tangible Book Value
Fifth Third (FITB:NASDAQ) The Ohio based super regional has a tangible book value of $10.55 and closed on 8/24/11 at $10.10.
KeyCorp (KEY:NYSE) KEY is another Ohio based bank on our list. Shares of KEY are trading below tangible book value of $8.90 and closed on 8/24/11 at $6.46.
First Horizon National (FHN:NYSE) This low priced Memphis based name has a tangible book value of $8.43 and closed on 8/24/11 at $6.79.
Synovus Financial (SNV:NYSE) This Georgia based mid-cap bank has the lowest share price on our list. SNV has a tangible book value of $2.06 and closed on 8/24/11 at $1.36.
Keep in mind that the TBV is a widely debated subject. So take these numbers with a grain of salt. But, if the market corrects again we will be adding more banks that are trading below tangible book value to our list of stocks to watch.
From Subject (Thread Messages) Date Size
More Penny Stock News, IPO Updates and Stock Market Research.
Get Tangible Book Value Updates from our FREE eMail List
Related posts:
- Trading Penny Stocks Paper Trading Penny Stocks And Why It Doesn’t Work The...
Related posts brought to you by Yet Another Related Posts Plugin.
Penny and Small Cap Stock Alerts