Penson Worldwide (PNSN)

0.22 -0.03  -12.00%  May 31, 1:33PM Go Pro
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Penson Worldwide Tangible Common Equity Ratio: 0.41%

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PNSN Tangible Common Equity Ratio Rankings

Overall 85th percentile 624 of 4390
Sector 95th percentile 43 of 871 in Financial
Industry 72nd percentile 5 of 18 in Investment Brokerage - National

PNSN Tangible Common Equity Ratio Range, Past 5 Years

Minimum 0.41% Mar 2012
Maximum 4.77% Dec 2008
Average 3.28%

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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PNSN News

Penson Sells Its Futures Division to Knight
May 29, 8:04AM Business Wire
Embattled Penson Stock Plumbs Fresh Lows
May 25, 2:39PM The Wall Street Journal
$PNSN ~ another clearing firm gone bust ?
about 6 days ago by Liquid_Trader
Penson (PNSN) Shares Resume Trading, Down ~33%
May 25, 1:57PM Street Insider
Nope. RT @alphatrends anyone surprised to see $PNSN at new all time low?
about 7 days ago by chicagosean
anyone surprised to see $PNSN at new all time low?
about 7 days ago by alphatrends
RT @alphatrends the chart has been telling us that $PNSN sucks for a while, this news confirms it http://stks.co/3qkY
about 15 days ago by StockTwits
URGENT: $PNSN filed to delay releasing quarterly earnings results (SEC Filing Form NT 10Q) http://stks.co/3nNk
about 20 days ago by MarketBrief
@daytrend $PNSN terrible, still no corrected 1099 and tax day is long gone. Bet they get a few lawsuits out of this cluster-eff.
about 42 days ago by Billybob_TX
@alphatrends Thanx for pointing out the $PNSN Uptick
about 42 days ago by Spaniard
@bfurman Agreed $PNSN is not pretty; the financials look terrible and get worse as time goes by!
about 51 days ago by SlownSteady
@daytrend I'm surprised that fidelity's NFS or $BNY pershing hasn't bought $pnsn
about 51 days ago by RonReuven
$PNSN (Penson) is a widely-used clearinghouse. Check its stock. Many traders are affected, or will likely be. (including me) $spy $es_f
about 57 days ago by daytrend
$PNSN http://stks.co/3Drv heard rumor of takeover in this stock, looks more like candidate for bankruptcy, trust price action
about 57 days ago by alphatrends
RT @StockTwits RT @markflowchatter If you worried about $PNSN read this letter from the CEO of Penson , just came out - http://stks.co/37bD
about 64 days ago by novicetrader
RT @markflowchatter If you are worried about $PNSN read this letter from the CEO of Penson , this just came out - http://stks.co/37b6
about 64 days ago by StockTwits
RT @algdominator $SPY do any of you trade with a clearing firm that is not $PNSN and have commissions less than 3 dollars per trade?
about 64 days ago by algdominator
$SPY do any of you trade with a clearing firm that is not $pnsn and have commissions less than 3 dollars per trade?
about 64 days ago by algdominator
finally got my money back had to get a wire and get f'ed by fees by my bank and $pnsn apparently my check was "lost in the mail system"right
about 64 days ago by algdominator
$PNSN This company has a lot of debt and their declining stock price has worried me as a customer who had funds with them.
about 65 days ago by buysellstocks
$PNSN My worry may be unwarranted however I don't want to find out one way or another. Does anyone remember MF Global?
about 65 days ago by buysellstocks
$PNSN I emptied my accounts at TradeKing and Optionshouse and I won't be going back until they find a new clearing firm. WTF @ Penson!
about 65 days ago by buysellstocks
$PNSN i have optionshouse account n their Clearing broker is $PNSN. Is it safe? or should i close my account? Need helps, Thanks in advence
about 66 days ago by novicetrader
$spy $pnsn has STILL NOT SENT ME MY CHECK THOROUGHLY DISGUSTED AND WORRIED!!!!! I cashed out my daytrading account ON THE 12TH!
about 66 days ago by algdominator
$PNSN filed latest Proxy Statement with the SEC (Form DEF 14A) http://stks.co/35J0
about 66 days ago by MarketBrief
$PNSN gave ya the heads up.
about 66 days ago by trendizyourfrend
$PNSN doomed?
about 66 days ago by trendizyourfrend
$PNSN may of you clear with a firm trading at 80 cents, must make you feel warm n fuzzy
about 70 days ago by trendizyourfrend

Recent Quotes

Symbol Price Chg Chg % Market Cap
PNSN 0.22 -0.03 -12.00% 6.995M
PNRG 22.70 +0.54 +2.44% 60.28M
PNRA 147.01 -0.85 -0.57% 4.698B
PNR 40.61 -0.25 -0.61% 4.030B
SLH 44.64 -0.01 -0.02% 3.128B
SLGN 41.77 -0.10 -0.24% 2.926B
SLG 74.66 +0.76 +1.02% 6.383B
SLF 20.54 +0.54 +2.70% 11.69B
SLE 20.96 -0.09 -0.43% 12.45B
SLB 63.20 -0.98 -1.53% 85.66B
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