JMP Group (JMP)
JMP Group Tangible Common Equity Ratio: 24.86%
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JMP Tangible Common Equity Ratio Rankings
| Overall | 62nd percentile | 1659 of 4391 |
| Sector | 33rd percentile | 579 of 870 in Financial |
| Industry | 16th percentile | 15 of 18 in Investment Brokerage - National |
JMP Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 21.53% | Jun 2009 |
| Maximum | 77.76% | Mar 2009 |
| Average | 42.30% |
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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JMP News
about 5 days ago by MCilderman
about 20 days ago by jjshaka
about 29 days ago by DynamicDividend
May 01, 4:47PM Street Insider
about 35 days ago by earningscast
Apr 19, 4:15PM Business Wire
about 43 days ago by WannaTrade1
about 65 days ago by newschina
about 68 days ago by RecogniaEvents
Feb 23, 10:02AM Street Insider
about 105 days ago by earningscast
Feb 15, 8:00AM Business Wire
about 107 days ago by bradloncar
about 116 days ago by jricky
Nov 02, 9:10AM Street Insider
about 210 days ago by Benzinga
about 292 days ago by RaviRomo
about 301 days ago by DynamicDividend
about 392 days ago by DynamicDividend
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| JMP | 5.87 | -0.05 | -0.84% | 130.60M |
| JMBA | 1.895 | -0.04 | -1.81% | 129.87M |
| JLS | 23.84 | -0.10 | -0.42% | |
| JLL | 72.17 | -2.07 | -2.79% | 3.239B |
| JKS | 3.91 | +0.01 | +0.26% | 87.20M |
| JKJ | 87.61 | -1.27 | -1.43% | |
| ISCA | 23.90 | -0.09 | -0.38% | 1.110B |
| ISBC | 14.76 | -0.24 | -1.60% | 1.672B |
| IRV | 21.82 | +0.45 | +2.11% | |
| IRS | 6.95 | -0.25 | -3.47% | 416.66M |
