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Comment for Bank of America Corp News, Research and Articles --GuruFocus.com
Posted by: goforit (IP Logged)
Date: October 6, 2012 10:15AM
The summary page for Wells Fargo (WFG) indicates that it has a P/B of 1.3 and that “WFC’s P/B is ranked lower than 65% of the 578 companies in the industry (Industry median of 1 vs. WFC 1.3)”
The summary page for Bank of America (BAC) indicates that it has a P/B of 0.4 and that “BAC’s P/B is ranked higher than 96% of the 578 companies in the industry (Industry median of 1 vs. BAC 0.4)”
Can someone reconcile those two statements for me?
Stocks Discussed: BAC,
Re: Comment for Bank of America Corp News, Research and Articles --GuruFocus.com
Posted by: mysticdrew (IP Logged)
Date: October 7, 2012 11:37AM
i believe the lower the p/b the higher the rank. Higher potential value opportunity.
Stocks Discussed: BAC,
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