Other banks trading below tangible book value include Capital One and Citigroup.
No investor is surprised that the banking crisis has sent industry stocks tumbling, but following a two-day rally, it is time to take a closer look at bank valuations to consider which stocks may soar from here.
Below is a screen of bank stocks trading below their Dec. 31 tangible book value per share, as calculated by FactSet. This can serve as a starting point for more research if you are interested in considering individual banks for investment following sharp declines in share prices. Here’s an example of the problem with quarter-end book values. First Republic Bank is the cheapest stock on the list below, based on its closing price on Tuesday and its tangible book value, calculated by FactSet, as of Dec. 31.
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