Normal analysis of banks doesn’t work now because hangovers from the financial crisis,...


Normal analysis of banks doesn’t work now because hangovers from the financial crisis, such as money set aside for mortgage litigation and foreclosure costs, are muddying earnings, Oppenheimer says. Yet discounted shares implies solid returns "even if it takes another decade for banks to shake out their business model," recommending C, GS, JPM, MSUSB, WFC.
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  • bbro
    , contributor
    Comments (11219) | Send Message
     
    It is easy...figure out PPNR and multiply by 5....but you are gonna have to wait...
    24 May 2011, 03:24 PM Reply Like
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