Diversified Banks with Lowest Price to Book Ratio

Leading banks in the Diversified Banks industry are currently characterized by low price to book ratios, indicating potential value to investors. Bank of America stands out with the lowest ratio of 0.75, followed closely by Credicorp with a ratio of 0.78. Citigroup ranks third with a ratio of 0.81, while JPMorgan Chase and Comerica round out the bottom five with ratios of 1.08 and 1.13, respectively. The analysis highlights Comerica as a notable case, with shares rising 5.5% since a buy recommendation on February 5th, 2015.

Key Takeaways:

• Bank of America has the lowest price to book ratio at 0.75, indicating potential value to investors.
• Credicorp follows closely with a price to book ratio of 0.78.
• Citigroup ranks third with a price to book ratio of 0.81.
• JPMorgan Chase has a price to book ratio of 1.08.
• Comerica rounds out the bottom five with a price to book ratio of 1.13.
• SmarTrend recommended buying shares of Comerica on February 5th, 2015, resulting in a 5.5% increase since the recommendation.
• Comerica's shares were recommended for purchase when they hit $44.38.
• Comerica continues to be monitored for any potential shift in trend.

Statistics:

• 5,000 securities are simultaneously analyzed by SmarTrend throughout the trading day.
• 5.5% increase in Comerica shares since the recommendation to buy on February 5th, 2015.
• $44.38: the price of Comerica shares when the recommendation to buy was made.

Sources:

• Economics and finance news network via COMTEX
• Bank of America
• Credicorp
• Citigroup
• JPMorgan Chase
• Comerica
• SmarTrend(R) News Watch