Lowest Return on Equity in the Diversified Banks Industry Detected in Shares of Bank of America (BAC, C, CMA, JPM, BLX)
Below are the three companies in the Diversified Banks industry with the lowest return on equity. The ROE is a general indication of the company's efficiency; investors usually look for companies with ROEs that are high and are growing.
Bank of America ranks lowest with a ROE of 6.5%. Citigroup is next with a ROE of 6.6%. Comerica ranks third lowest with a ROE of 7.3%.
JPMorgan Chase follows with a ROE of 10.2%, and Banco Latinoamericano de Exportaciones rounds out the bottom five with a ROE of 12.2%.
SmarTrend recommended that subscribers consider buying shares of Bank of America on March 2nd, 2016 as our technology indicated a new Uptrend was in progress when shares hit $13.32. Since that recommendation, shares of Bank of America have risen 4.2%. We continue to monitor Bank of America for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: lowest return on equity Bank of america Citigroup Comerica JPMorgan Chase banco latinoamericano de exportaciones