• Return to Headlines

Relatively High Forward P/E Ratio Detected in Shares of Comerica in the Diversified Banks Industry (CMA, USB, JPM, WFC, BAC)

By Nick Russo

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.

Comerica ranks highest with a a forward P/E ratio of 14.83. US Bancorp is next with a a forward P/E ratio of 13.38. JPMorgan Chase ranks third highest with a a forward P/E ratio of 11.60.

Wells Fargo follows with a a forward P/E ratio of 11.54, and Bank of America rounds out the top five with a a forward P/E ratio of 11.48.

SmarTrend is tracking the current trend status for Bank of America and will alert subscribers who have BAC in their portfolio or watchlist when shares have changed trend direction.

Keywords: highest forward p/e ratio Comerica us bancorp JPMorgan Chase wells fargo Bank of america

Ticker(s): CMA USB JPM WFC BAC