By Jody Chudley Since the market crashed in March, I’ve been telling you that American banks are one of the greatest value opportunities in the market today.
On every valuation metric, the banks are historically cheap. And yet, by all accounts, the banks went into the pandemic with the strongest balance sheets they have ever had.
The only caveat in my bank value story is that an investment in the banks will require some patience. Value investing almost always does.
I have repeatedly cautioned that I do not expect share prices of banks to turn higher until we start seeing some improvement in their earnings.
It has …read more
