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re: Bank Of America

Posted on 10/21/16 at 8:52 pm to
Posted by ragacamps
Member since Jan 2011
2997 posts
Posted on 10/21/16 at 8:52 pm to
quote:

re: Bank Of AmericaPosted on 10/21/16 at 8:20 pm to ItzMe1972 They just increased their dividend by 50% I believe. Curious, why does the financial sector trade at such low valuations compared to the overall market?


I would like to know this as well.
Last I checked BAC was around .68 price to book. But the sector average was right around 1. So all in all the entire sector trades right at or just below book value.

I was also looking at air lease (AL) which is trading below book and the industry average, while be it a small industry, is way higher.

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