Banks, insurers and asset managers in the Standard & Poor’s 500 Index trade at 12.3 times estimated earnings, close to the lowest level since the strength in the market began in March 2009, according to data compiled by Bloomberg. The group is the second-cheapest among 10 industries in the S&P even though analysts say profits will rise 18 percent this year. Exceeding overall S&P 500 earnings!
Guess how you can learn about four stocks in the sector that are selling below 30% of book value that one former Goldman Sachs analyst think should be trading at book, (in other words, a triple)?
In the EPJ Daily Alert. Click here to find out more.
No comments:
Post a Comment