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Highest Forward P/E Ratio in the Diversified Banks Industry Detected in Shares of Jpmorgan Chase (JPM, USB, BAC, C, WFC)

By Amy Schwartz

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.

Jpmorgan Chase ranks highest with a a forward P/E ratio of 13.97. Following is Us Bancorp with a a forward P/E ratio of 12.64. Bank Of America ranks third highest with a a forward P/E ratio of 11.94.

Citigroup Inc follows with a a forward P/E ratio of 11.02, and Wells Fargo & Co rounds out the top five with a a forward P/E ratio of 9.46.

SmarTrend recommended that subscribers consider buying shares of Jpmorgan Chase on October 15th, 2019 as our technology indicated a new Uptrend was in progress when shares hit $119.73. Since that recommendation, shares of Jpmorgan Chase have risen 15.9%. We continue to monitor Jpmorgan Chase for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

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

Ticker(s): JPM USB BAC C WFC