2 Undervalued Bank Stocks

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Includes: BAC, C
by: CRG Research

With the market declining, now is a good time to look for undervalued stocks. I find that Bank of America (NYSE:BAC) and Citigroup (NYSE:C) are both undervalued.

Bank of America - Buy

  • Return on Assets(NYSE:TTM): 0 v. 0.56
  • Return on Investment(TTM): -- v. 0
  • Return on Equity(TTM): -0.61 v. 8.47

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Book value-share is declining; the decline is considered bearish.

Share price is declining; the decline may be limited as valuations may be near a bottom.

Price-sales is declining; should the valuation metric begin to rise, Bank of America could double in value based on price-sales.

Price-book value is declining; the valuation metric may be near a bottom.

Citigroup - Buy

  • Return on Assets(TTM): 0.57 v. 0.56
  • Return on Investment(TTM): -- v. 0
  • Return on Equity(TTM): 6.08 v. 8.47

Book value-share is increasing; the increase is considered bullish.

Shares of Citigroup declined to the 2011 support zone.

Price-sales has been declining; the valuation metric may be near a bottom.

Price-book value is declining and may be near a bottom.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.