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Highest Forward P/E Ratio in the Diversified Banks Industry Detected in Shares of Us Bancorp (USB, JPM, BAC, WFC, C)

By Shiri Gupta

Below are the three companies in the Diversified Banks industry with the highest forward price to earnings (P/E) ratios. Forward P/E uses estimated earnings to compare relative value among companies in the same industry. Generally, the lower the forward P/E, the more undervalued a company is believed to be.

Us Bancorp ranks highest with a a forward P/E ratio of 12.84. Following is Jpmorgan Chase with a a forward P/E ratio of 12.27. Bank Of America ranks third highest with a a forward P/E ratio of 10.39.

Wells Fargo & Co follows with a a forward P/E ratio of 9.58, and Citigroup Inc rounds out the top five with a a forward P/E ratio of 9.53.

SmarTrend is monitoring the recent change of momentum in Citigroup Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Citigroup Inc in search of a potential trend change.

Keywords: highest forward p/e ratio us bancorp JPMorgan Chase Bank of america wells fargo & co citigroup inc

Ticker(s): USB JPM BAC WFC C