In this segment from The Motley Fool's everything-financials show, Where the Money Is, analysts David Hanson and Matt Koppenheffer take a critical look at the advice to "buy bank stocks below tangible book value and sell above 2 times tangible book value." Matt points out the flaws in this quick-and-dirty approach.
Free Article
Debunking 1 Stock-Picking Myth
By Matt Koppenheffer and David Hanson
–
Oct 2, 2013 at 8:27AM
NYSE: C
Citigroup
Market Cap
$120B
Today's Change
(-1.50%) -$0.94
Current Price
$61.53
Price as of April 25, 2024, 10:37 a.m. ET
Debunking the way we buy bank stocks. We look at U.S. Bancorp, Citigroup, and Wells Fargo.
David Hanson has no position in any stocks mentioned. Matt Koppenheffer has no position in any stocks mentioned. The Motley Fool recommends Wells Fargo. The Motley Fool owns shares of Citigroup and Wells Fargo. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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