Don't Bank on Bank Stocks, Just Trade Them
Nine of 11 stocks profiled today are undervalued fundamentally with Citigroup undervalued by 64.3%. BB&T and Wells Fargo are slightly overvalued by 3.2% and 4.7% respectively.
All 11 bank stocks have had tremendous gains over the past twelve months; from 31.7% (Citigroup) to 111.4% (RF).
All are projected to be higher over the next 12 months, but gains are likely to dwarf the gains of the past 12 months.
At the time of publication the author held no positions in any of the stocks mentioned.This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
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