The six biggest bank stocks open higher - BAC +3.8%, C +2.2%, JPM +2%, WFC +2.5%, GS +2.5%, MS...

|By:, SA News Editor

The six biggest bank stocks open higher - BAC +3.8%, C +2.2%, JPM +2%, WFC +2.5%, GS +2.5%, MS +4.3% - but after their beatdown, all trade for less than their book value. Essentially, this means investors believe the banking giants are either undercapitalized or will destroy value because they won’t generate returns that exceed their cost of capital.