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Relatively Low P/E Ratio Detected in Shares of Wells Fargo & Co in the Diversified Banks Industry (WFC, C, BAC, USB, JPM)

By David Diaz

Below are the three companies in the Diversified Banks industry with the lowest price to earnings (P/E) ratios. P/E is an important valuation tool when comparing companies in the same industry. A higher P/E ratio means that investors are paying more for each unit of net income, so the stock is more expensive compared to one with a lower P/E ratio.

Wells Fargo & Co ranks lowest with a a P/E ratio of 11.85. Following is Citigroup Inc with a a P/E ratio of 12.36. Bank Of America ranks third lowest with a a P/E ratio of 13.43.

Us Bancorp follows with a a P/E ratio of 14.49, and Jpmorgan Chase rounds out the bottom five with a a P/E ratio of 14.51.

SmarTrend recommended that its subscribers protect gains by selling shares of Wells Fargo & Co on March 22nd, 2019 by issuing a Downtrend alert when the shares were trading at $48.74. Since that call, shares of Wells Fargo & Co have fallen 6.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

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

Ticker(s): WFC C BAC USB JPM