BAMM (BAMM)
BAMM Tangible Common Equity Ratio: 38.56%
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BAMM Tangible Common Equity Ratio Rankings
| Overall | 47th percentile | 2294 of 4385 |
| Sector | 45th percentile | 462 of 852 in Services |
| Industry | 46th percentile | 17 of 32 in Specialty Retail, Other |
BAMM Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 28.37% | Oct 2008 |
| Maximum | 42.48% | Jan 2011 |
| Average | 36.83% |
About Tangible Common Equity Ratio
The tangible common equity (TCE) ratio is a useful number to gauge leverage of a financial firm. Specifically, it answers the question: "How much can the value of a bank's assets fall before the entire value of tangible* common equity is wiped out?"
For example, assume a bank as a TCE ratio of 5%. If the value of all of the banks assets fell by 5%, theoretically stockholders would no longer have a claim on the bank's tangible assets.
Another way of thinking about the TCE ratio of 5% is that the remaining 95% of the bank's tangible assets have been purchased using loaned funds that the bank must repay.
This ratio is worth spending time with. Once investors understand its implications, they rarely look at banking businesses the same way.
* The word tangible, in accounting, essentially means anything that can be touched or traded. Cash, buildings, accounts receivable, inventories and stock holdings of a business are all tangible assets. Trade secrets, patents, copyrights, and goodwill are not tangible assets, even though they may have value.
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BAMM News
May 22, 4:01PM Street Insider
May 16, 2:43PM PR Newswire
May 08, 7:13AM Street Insider
May 07, 9:36PM Benzinga
May 07, 6:29PM Business Wire
May 04, 3:52PM Business Wire
May 02, 1:55PM Business Wire
May 01, 12:29PM Business Wire
Apr 30, 7:33PM Business Wire
Apr 30, 4:24PM Business Wire
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Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| BAMM | 3.24 | +0.02 | +0.62% | 51.22M |
| AVT | 30.55 | -0.11 | -0.36% | 4.431B |
| AVP | 16.59 | -0.13 | -0.78% | 7.149B |
| AVNW | 2.46 | -0.05 | -1.99% | 150.87M |
| AVNR | 2.84 | +0.02 | +0.71% | 376.87M |
| AVL | 1.45 | -0.01 | -0.68% | |
| AVK | 15.28 | +0.01 | +0.07% | |
| AVII | 0.7185 | -0.01 | -1.58% | 97.53M |
| AVID | 6.68 | -0.11 | -1.62% | 258.45M |
| AVGO | 33.15 | +0.64 | +1.97% | 8.085B |
