By Hugo of www.vforvalue.blogspot.com
A recurring theme for this year has been BANKS, in particular European Banks. In fact, right now its possible to find strong, diversified banks with good ratings and dividend yields e selling, in some cases, on discount to tangible book value. These are financial institutions makings good profits and that, like any other banks, are posed to benefit from a scenario of progressive stabilization of delinquency loan metrics to more normal levels.
Welcome to our latest issue of ValueWalk’s hedge fund update. Below subscribers can find an excerpt in text and the full issue in PDF format. Please send us your feedback! Featuring Point72 Asset Management losing about 10% in January, Millennium Management on a hiring spree, and hedge fund industry's assets under management swell to nearly Read More
Price to Tangible Book < 1,5
PE < 11
Return on Assets > 0.5%
Dividend Yield > 1.5%
Results (sorry the chart could not be made larger):
This comment is merely an opinion of the author and not a recommendation to buy or sell. Purchases and sales are the responsibility of the investor as well as profits or losses arising therefrom. The author may have, and probably have positions in securities mentioned. If in doubt, investors should seek to contact a financial intermediary, the correspondent stock exchange or regulatory entity.