Bank on the Community Names
It seems that size has been an insurmountable issue when it comes to today's mega banks. No matter how many times we read that Bank of America (BAC) is one of today's great bargains, as the shares are trading at 40% of book value, Mr. Market is simply not interested. Despite the fact that Goldman Sachs (GS) has grown per-share book value by an average of 10% to 15% since its IPO and shares now trade at one of the lowest price to book ratios in the company's history, investors are not interested.
Banks are the vital backbone of capitalism. From time to time, environments become frothy and the subsequent pullback can be very painful for the entire economy. But that doesn't change the fact that banking plays an insurmountable role in the development and growth of a market based economic system....368 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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