Top 5 Companies in the Diversified Banks Industry With the Highest Forward Earnings Yield (BAP, C, BLX, BAC, JPM)
Below are the three companies in the Diversified Banks industry with the highest forward earnings yields. Using projected earnings for the current fiscal year, the forward earnings yield is useful to compare a stock's return vs. owning a similar stock or other yield assets (e.g. bonds). Generally, the higher the earnings yield, the more undervalued the stock.
Credicorp ranks highest with a forward earnings yield of 27.4%. Citigroup is next with a forward earnings yield of 12.5%. Banco Latinoamericano de Exportaciones ranks third highest with a forward earnings yield of 11.0%.
Bank of America follows with a forward earnings yield of 10.1%, and JPMorgan Chase rounds out the top five with a forward earnings yield of 9.3%.
SmarTrend recommended that subscribers consider buying shares of Credicorp on January 28th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $97.30. Since that recommendation, shares of Credicorp have risen 43.9%. We continue to monitor Credicorp for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: highest forward earnings yield credicorp Citigroup banco latinoamericano de exportaciones Bank of america JPMorgan Chase