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by RC_ITR
1191 days ago
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>a P/E under 2 FWIW, banks are priced on Book Value (that's literally what the stock in a bank represents, whether it's public or private - banks aren't like normal operating companies), since earnings are volatile and dependent on outside factors. FRB's book value is anyone's guess ATM, but it's probably quickly becoming negative given the bank run blah blah Also, for companies that are priced on earnings, they're priced on forward earnings, which is assumed to be extremely negative for FRC. |
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