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Lowest Beta in the Diversified Banks Industry Detected in Shares of Mitsubishi UFJ Financial Group (MTU, MFG, CIB, BMA, IBCA)

Written on Mon, 07/26/2010 - 5:38am
By Chip Brian

Below are the top five companies in the Diversified Banks industry as measured by beta. Lower-beta stocks mean minimal volatility and are therefore generally considered to be a less risk and offer more stable returns.
Mitsubishi UFJ Financial Group (NYSE:MTU) ranks first with a beta of 0.9; Mizuho Financial (NYSE:MFG) ranks second with a beta of 0.9; and BanColombia (NYSE:CIB) ranks third with a beta of 1.
Banco Macro (NYSE:BMA) follows with a beta of 1 and Intervest Bancshares (NASDAQ:IBCA) rounds out the top five with a beta of 1.
SmarTrend is bearish on shares of IBCA and our subscribers were alerted to Sell on May 21, 2010 at $5.12. The stock has fallen 35.3% since the alert was issued.

Keywords: keywords: nyse:mtu mitsubishi ufj financial group lowest beta

Ticker(s): MTU MFG CIB BMA IBCA

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