As always the names indicated in green are stocks we hold, so it seems we believe they can.
The average price-earnings ratio for Bank of America, Wells Fargo, JPMorgan Chase and Citigroup is just 10.3, less than half the S & P 500 overall.
Upside with limited risk Notice that the earnings related implied move in the table indicates modest volatility expectations around earnings.
Bank of America took on more duration risk than competitors, and consequently its assets took more of a hit as interest rates rose.
BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.
Persons:
Wells Fargo
Organizations:
Bank of America, JPMorgan Chase, Citigroup, JPMorgan, Wells, Fed, Long Bank of America
Locations:
Wells Fargo, Wells, Long