If You Believe Their Numbers, These Big Banks Are a Bargain
How much faith do investors put in their banking institutions these days? Bloomberg Businessweek points out that Bank of America (BAC), Citigroup (C), Goldman Sachs (GS) and Morgan Stanley (MS) are all trading below their theoretical liquidation levels.
But book values can be overstated considering that losses and goodwill tend to lurk on bank balance sheets. That prompts us to compare the banks' market caps to their tangible book values, which takes that into account. How do those compare?
BAC Tangible Book Value data by YCharts
C Tangible Book Value data by YCharts
GS Tangible Book Value data by YCharts
MS Tangible Book Value data by YCharts
From the editors of YCharts.YCharts Pro Investor Service includes professional stock charts, stock ratings and portfolio strategies.
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