Median P/E For Banks Contract In Q2 Amid Price DecreaseMani
Median P/E 15 multiple for banks would contract to 5.3% from 14.1x to 13.3x, driven by lower prices as estimates remained relatively stable at the median, notes Sterne Agee.
Terry McEvoy and team at Sterne Agee in their research report dated August 7, 2014 titled: “The Bank Examiner-Looking for Value Post 2Q2014” have identified 11 Buy-rated stocks and one Underperform-rated stock.
Contraction in Banks' Median P/E
Analyzing the 119 banks under their coverage, the Sterne Agee analysts . . .
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